NEW YORK — JPMorgan Chase & Co. says its third-quarter profit rose 22 percent from a year earlier, but the bank's results still missed analysts' expectations.
The largest U.S. bank by assets said Wednesday it earned $6.27 billion after payments to preferred shareholders. That compares to a profit of $5.13 billion a year earlier. On a per share basis, the bank earned $1.68 per share, compared with $1.35 per share a year earlier.
Removing one-time items, the bank earned $1.32 a share. That missed the $1.37 per share analysts surveyed by FactSet had been expecting, which typically excludes one-time items. Net revenue at the bank totaled $22.8 billion, compared with $24.5 billion in the same period a year earlier.
Shares of JPMorgan were down 1 in after-market trading.