(Updated - October 15, 2019 7:01 AM EDT)

JPMorgan (NYSE: JPM) reported Q3 EPS of $2.68, $0.23 better than the analyst estimate of $2.45. Revenue for the quarter came in at $29.3 billion versus the consensus estimate of $28.49 billion.​

• Reported revenue of $29.3 billion; managed revenue of $30.1 billion

Jamie Dimon, Chairman and CEO, commented on the financial results: “JPMorgan Chase delivered record revenue this quarter, demonstrating broad-based strength and the resilience of our business model despite a more challenging interest rate backdrop. In Consumer & Community Banking, we had strong deposit and client investment asset growth. Our consumer lending businesses benefited from our continued investments and a favorable environment for borrowers, which helped drive healthy volumes in Home Lending and Auto and strong loan growth in Card.”

Dimon added: “We had record third quarter IB fees with particularly strong performance in DCM and ECM, and year-to-date we maintained our #1 global ranking with share gains across products and regions. Markets performance was solid, reflecting improved client activity – particularly in Fixed Income. Commercial Banking turned in a solid performance with continued momentum in investment banking and treasury services. And in Asset & Wealth Management, both AUM and client assets were a record helped by strong net inflows into long-term and liquidity products.”

Dimon concluded: “In the U.S. economy, GDP growth has slowed slightly. The consumer remains healthy with growth in wages and spending, combined with strong balance sheets and low unemployment levels. This is being offset by weakening business sentiment and capital expenditures mostly driven by increasingly complex geopolitical risks, including tensions in global trade. Regardless of the operating environment, JPMorgan Chase will continue to serve our customers, clients and communities globally, while investing in innovation, talent, technology, security and controls.”

Outlook (from slides)

• Expect FY2019 net interest income of <$57.5B, market dependent
• Expect FY2019 adjusted expense of ~$65.5B
• Expect FY2019 net charge-offs of ~$5.5B

For earnings history and earnings-related data on JPMorgan (JPM) click here.