JPMorgan profits surge as bank cashes in on boom in trading, dealmaking
1. JPMorgan's Q3 profits surged 12% driven by trade deals and tariffs. 2. Revenue reached $47.12 billion, exceeding forecasts by $1.72 billion. 3. Investment banking fees rose by 16%, indicating a positive dealmaking outlook. 4. Trading division achieved a record $9 billion in revenues, up 25% year-on-year. 5. CEO warns of geopolitical uncertainties but sees US economy remains resilient.