JPMorgan's Q3 Earnings Beat on Solid IB, Jump in Provisions Hurt

High interest rates and solid investment banking (IB) business performance drove JPMorgan’s (JPM) third-quarter 2024 earnings to $4.37 per share. The bottom line handily surpassed the Zacks Consensus Estimate of $4.02.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Behind JPMorgan’s Headline NumbersAs expected, the IB business witnessed a solid growth. Equity underwriting fees jumped 26% and debt underwriting fees grew 56%. Also, advisory fees rose 10%. Overall, total IB fees were u ...