Fool analysts Anand Chokkavelu and Matt Koppenheffer discuss three positive highlights from JPMorgan Chase's (NYSE:JPM) earnings.
- Third quarter earnings per share came in at $1.40, well ahead of last year’s $1.02. Return on common equity was up to 12%.
- Improvement in its capital position: Estimated “Basel III Tier 1 common ratio was approximately 8.4% at the end of the third quarter, up from 7.9% in the second quarter."
- Investment banking was strong, with both equity and debt underwriting boosting performance.
Anand Chokkavelu owns shares of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase. He also owns long-dated options on Bank of America and warrants on Citigroup, Wells Fargo, and JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America.
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