JPMorgan Q3 Profit Misses Estimates on Weak Fixed-Income Trading

The US banking giant's third-quarter earnings lagged expectations due to lower fixed-income revenue, despite support from investment banking.

American banking giant JPMorgan Chase reported its third-quarter financial results, with profits missing Wall Street analysts' expectations, financial outlets Investing.com and Zacks Investment Research reported.

According to the reports, the bank's earnings miss was largely driven by lower revenues and disappointing performance in fixed-income trading markets. Conversely, activity in the firm's investment banking division provided some support to overall results and softened part of the shortfall.

Full financial figures and a detailed breakdown of revenue and net profit have not yet been disclosed.