
After exceeding forecasts with higher-than-expected interest income, JPMorgan Chase shares rise 5%
JPMorgan Chase shares gained 5% after the bank reported third-quarter earnings that had analysts cheering, particularly from net interest income, which was much higher than expected. The bank recorded a surprise increase of 3% in NII to $23.4 billion across fears that low interest rates will squeeze its margins. This performance helped boost the stock…