JPMorgan's Earnings: 3 Things to Love
Fool analysts Anand Chokkavelu and Matt Koppenheffer discuss three positive highlights from JPMorgan Chase's (NYS: JPM) earnings.
- Third quarter earnings per share came in at $1.40, well ahead of last year's $1.02. Return on common equity was up to 12%.
- Improvement in its capital position: Estimated "Basel III Tier 1 common ratio was approximately 8.4% at the end of the third quarter, up from 7.9% in the second quarter."
- Investment banking was strong, with both equity and debt underwriting boosting performance.
The article JPMorgan's Earnings: 3 Things to Love originally appeared on Fool.com.Anand Chokkaveluowns shares of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase. He also owns long-dated options on Bank of America and warrants on Citigroup, Wells Fargo, and JPMorgan Chase.Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.