JPMorgan Chase and Wells Fargo Beat Earnings Estimates in Q3

JPMorgan Chase and Wells Fargo have reported their third-quarter earnings, surpassing analysts' estimates. JPMorgan Chase reported earnings per share of $4.33, exceeding the estimated $3.89, while Wells Fargo reported earnings per share of $1.48, beating the estimated $1.24. JPMorgan Chase's revenue for the quarter was $39.90 billion, slightly lower than the estimated $40.70 billion. Wells Fargo's revenue was $20.86 billion, surpassing the estimated $20.11 billion. These positive earnings results indicate a strong performance for both banks in the third quarter.