JPMorgan profits surge as bank cashes in on boom in trading, dealmaking

Core Insights - JPMorgan Chase reported a 12% increase in profits, driven by a surge in deals and trades influenced by Donald Trump's tariffs and relaxed regulations [1] - The bank's third-quarter revenue rose 9% to $47.12 billion, with earnings per share reaching $5.07, exceeding analysts' expectations [1] - The investment banking unit generated $2.6 billion in fees, a 16% increase from the previous year, indicating growing optimism in dealmaking [2] - The trading division achieved nearly $9 billion in revenue, a 25% increase from the same period in 2024, reflecting investor portfolio adjustments amid changing commercial relationships [3] - CEO Jamie Dimon highlighted uncertainties related to geopolitical conditions, tariffs, and inflation, while noting the resilience of the US economy [4] - JPMorgan announced a $10 billion investment in strategic industries, focusing on defense, energy independence, and advanced technologies [5]