JPMorgan Chase Non-GAAP EPS of $5.75 misses by $0.19, revenue of $50.9B misses by $320M
- JPMorgan Chase press release (JPM): Q3 Non-GAAP EPS of $5.75 misses by $0.19.
- Revenue of $50.9B (+8.1% Y/Y) misses by $320M.
- The provision for credit losses was $2.7 billion. Net charge-offs were $2.2 billion, down $389 million, driven by Wholesale. The net reserve build was $539 million, primarily in Wholesale. In the prior year, the provision was $3.4 billion, net charge-offs were $2.6 billion and the net reserve build was $810 million.
- Shares -2.6% PM.
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