NEW YORK — JPMorgan Chase's third quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but the bank's CEO, Jamie Dimon, issued a sobering statement about the current state of world affairs and economic instability.
“While we hope for the best, we prepare for a broad range of outcomes so we can consistently deliver for clients no matter the environment,” he said. The bank reported a profit of $13.15 billion, up from $9.74 billion in the same period a year earlier. On a per-share basis, profit rose to $4.33 a share from $3.12 a share a year earlier. The result beat analysts' forecasts, which called for a profit of $3.95 a share, according to FactSet.
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