Wall Street bonanza boosts profits at JPMorgan and Goldman

A Wall Street dealmaking bonanza in the third quarter helped boost profits at JPMorgan Chase (JPM) and Goldman Sachs (GS) as some of the country’s largest banks raked in higher revenues from investment banking and trading. JPMorgan posted net income of $14.4 billion, a 12% increase from the third quarter of last year and roughly $1 billion more than what analysts anticipated. Revenue from JPMorgan’s investment banking division climbed 17% from a year ago to $2.6 billion while client trading jumped 25% to ...