Business · 4 hours ago
JPMorgan Misses Profit Forecasts as Dimon Warns of Risks
Graphic: BriefTea
JPMorgan Chase, America's biggest bank, made a third-quarter profit of $15.3bn, up 6% on a year earlier, but both its earnings per share and its $50.2bn revenue fell short of what Wall Street analysts had expected. Chief executive Jamie Dimon said the US economy remained resilient but warned that large US government deficits, sticky inflation and high asset prices were creating risks beneath the surface.
Reported by CNBC · How we write briefs