JPMorgan Chase beats EPS consensus by wide margin as it releases another $2.1 billion of loan loss reserves

JPMorgan Chase & Co. JPM, -0.77% connected Wednesday said its third-quarter nett income accrued to $11.69 billion, oregon $3.74 a share, from $9.44 billion, oregon $2.92 a share, successful the year-ago period. Revenue accrued to $29.65 cardinal from $29.3 cardinal portion nett gross managed accrued to $30.44 cardinal from $29.94 billion. Net involvement income accrued by 1% to $13.2 billion. The net included recognition reserve releases of $2.1 billion. Analysts expected the slope to gain $3 a stock connected gross of $29.79 billion, with nett involvement income of $13.1 billion, according to a FactSet survey. Chairman and CEO Jamie Dimon said the results were "strong" arsenic the system continues to amusement bully growth, contempt the dampening effect of the Delta variant and proviso concatenation disruptions. Shares of JPMorgan Chase roseate 0.3% successful premarket trades and are up 30% this year, compared to a emergence of 15.8% by the S&P 500 SPX, -0.24%.