JPMorgan profit rises 4% as trading boosts quarter

(Reuters) – JPMorgan Chase & Co reported a 4% rise in third-quarter profit on Tuesday, helped by a surge in trading activity as global financial markets rebounded from a coronavirus-induced slump.

The bank’s net income rose to $9.44 billion, or $2.92 per share, in the quarter ended Sept. 30, from $9.1 billion, or $2.68 per share, a year earlier.

Analysts on average had expected earnings of $2.23 per share, according to Refinitiv. It was not immediately clear whether those numbers were comparable.

(Reporting by Noor Zainab Hussain in Bengaluru and David Henry in New York; Editing by Saumyadeb Chakrabarty)