The industry weaknesses could not stop JPMorgan Chase & Company (JPM –Analyst Report) from showing its earnings strength in the third quarter as well. The banking giant came out with earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.39. The number also compares favorably with $1.42 earned in the year-ago quarter.
Earnings exclude the 26 cents per share impact related to the after-tax Firmwide legal expense. Considering this significant one-time item, the company has earned $1.36 per share.
