JPMorgan Chase & Co, the biggest U.S. bank, said its third-quarter profit jumped nearly 25 percent, with each of its four business units generating higher revenues.
Citigroup Inc, the No. 3 U.S. bank by assets, reported a 12 percent rise in profit, driven mostly by lower taxes and cost savings.
Wells Fargo, the fourth-largest in the sector, reported a 32 percent surge in profit following strong demand for auto, small business and personal loans, as well as cost cutting.
Following is a snapshot of bank earnings so far:
(GRAPHIC:
U.S. big banks third quarter earnings per share -
(GRAPHIC: U.S.
banks third quarter Investment banking revenue -
(GRAPHI
C: U.S. big banks third quarter trading revenue -
(GRAPHIC: U.S. big banks third quarter loans -
(Reporting by Diptendu Lahiri and Mary Ann Alapatt in Bengaluru; Editing by James Emmanuel)
By Diptendu Lahiri