JPMorgan Chase record profits for third quarter
(CNN) – JPMorgan Chase is reporting record third quarter profits.
The company says revenues increased to $25.9-billion, up 6-percent from the same period last year.
That number beats analysts' estimates of 24.5-billion.
JP-Morgan also beat expectations for third quarter profits.
It's reporting it earned a dollar-40 per share above forecasts of a dollar-22 per share.
New mortgages and refinancings were a key driver of overall results. But performance was also strong in commercial lending, investment banking, credit cards and auto loans.