JPMorgan Chase (JPM) shares ಞrose Friday morning after reporting revenue and net interest income growth in its third-quarter results Friday a🍸s big banks' earnings season gets under way.

The 澳洲幸运5开奖号码历史查询:world's largest bank by market cap posted revenue of $42.65 billion, well above the $39.87 billion it reported a year ago and the $40.85 billion consensus estimate of analysts compiled by Visible Alpha. Reported 澳洲幸运5开奖号码历史查询:net interest income (NII) rose to $23.41 billion from $22.73 billion.

Profit fell slightly to $12.9 billion from $13.15 billion, but edged hi✤gher to $4.37 from $4.33 on a per-share basis. Analysts were expecting $11.81 billion, or $3.97 per s😼hare.

JPMorgan shares, which had risen about 25% this year through Thursday's close, were up just under 2% in premarket trading after the report's release.

Rising Deposit 🃏Costs Have Impacted Bank Earnings

Higher interest rates in recent years helped JPMorgan and other banks reach record levels of net interest income, but 澳洲幸运5开奖号码历史查询:rising deposit costs have impacted bank earnings ღin recent quarters whi🐻le loan growth has stalled.

JPMorgan and other banks are reporting earnings amid a shifting economic environment, as the 澳洲幸运5开奖号码历史查询:Federal Reserve last month cut interest rates for 澳洲幸运5开奖号码历史查询:the first time since 2020. Analysts expect that the newly lowered rates and 澳洲幸运5开奖号码历史查询:potential for future cuts should help lower deposit costs and spark more investme🌊nt banking and loan growth in the coming quarters.

Analyst and investor attention has also focused recently on how JPMorgan will form a succession plan for 68-year-old 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Jamie Dimon. The influential executive has said in recent months that the bank wants to make sure it gets the plan right when he steps away in the coming years.