JPMorgan Chase ( JPM ) sent shares across the financial sector higher on Friday, October 14, as the bank’s stronger-than-expected performance figures for the third quarter set the stage for potentially more positive earnings surprises by its peers over the coming weeks. Although the diversified banking giant continued to witness headwinds in the retail banking industry, notable improvements on the securities trading front boosted profits this time around. The commercial banking and asset management divisions also chipped in with one of their best-ever performances in the bank’s history.
JPMorgan’s results demonstrate the strength of its underlying business model – with the diversified nature allowin…
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