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JPMorgan profit surges on M&A boom

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Oct 13 (Reuters) – JPMorgan Chase & Co (JPM.N) reported a bounce in third-quarter earnings on Wednesday, as the most important U.S. financial institution’s Wall Street arm capitalized on a worldwide dealmaking boom.

JPMorgan’s web revenue rose to $11.7 billion, or $3.74 per share, within the quarter ended Sept. 30, in contrast with $9.4 billion, or $2.92 per share, a yr earlier.

Analysts on common had anticipated earnings of $3.00 per share, in accordance with Refinitiv.

Reporting by Anirban Sen in Bengaluru and Elizabeth Dilts in New York; Editing by Saumyadeb Chakrabarty

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