JPMorgan Chase Earnings Show Economy Is Resilient, but Jamie Dimon’s ‘Hurricane’ Looms

The Wall Street Journal

Big Loss on Investments Dings JPMorgan Profit

It’s the start of the third-quarter earnings season and the nation’s biggest bank, JPMorgan Chase Co., is here with its typical bellwether report. + Revenue rose 10% to $32.72 billion. Wall Street was looking for $32.12 billion, according to FactSet. + Profit fell 17% to $9.74 billion, or $3.12 per share. Analysts expected $2.90 per share. + The drop is largely because the bank set aside $808 million for potential loan-losses, part of $1.5 billion in total credit costs. A year ago, when the econ