U.S. Stock Market Update | Banking sector rises, JPMorgan Chase up more than 4%
On Friday, the US bank sector saw gains in the stock market. As of the time of publication, Bank of America rose by 4.9%, JPMorgan Chase rose by over 4%, Citigroup rose by over 3.5%, and Goldman Sachs rose by 2.5%. In terms of news, JPMorgan Chase's Q3 revenue was $42.65 billion, a year-on-year increase of 7.0%, beating market expectations; earnings per share were $4.37, also exceeding market expectations. JPMorgan Chase reported unexpected growth in net interest income in the third quarter and raised forecasts for this key source of income, despite market expectations of further interest rate cuts in the US
According to the Zhitong Finance and Economics APP, on Friday, the US bank sector in the stock market rose. As of the time of publication, Bank of America (BAC.US) rose by 4.9%, JPMorgan Chase (JPM.US) rose by over 4%, Citigroup (C.US) rose by over 3.5%, and Goldman Sachs (GS.US) rose by 2.5%. On the news front, JPMorgan Chase's Q3 revenue was $42.65 billion, a year-on-year increase of 7.0%, better than market expectations; earnings per share were $4.37, also exceeding market expectations. JPMorgan Chase reported an unexpected increase in net interest income in the third quarter and raised its forecast for this key source of income, despite market expectations for further declines in US interest rates