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JPMorgan profit surges on M&A boom By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: A view of the exterior of the JPMorgan Chase & Co corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

(Reuters) – JPMorgan Chase & Co (NYSE:) reported a jump in third-quarter earnings on Wednesday, as the largest U.S. bank’s Wall Street arm capitalized on a global dealmaking boom.

JPMorgan’s net profit rose to $11.7billion, or $3.74 per Share, during the September 30 quarter, as compared to $9.4billion, or $2.92 Per Share, one year ago.

According to Refinitiv, analysts expected average earnings of $3.00 per Share.

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