JPMorgan (JPM): Q3 EPS of $1.02 beats by $0.08. Revenue of $24.4B beats by $700M.
After popping higher on the headline number beat, JPMorgan (JPM) turns south as closer analysis reveals $0.29 of profit was debt valuation adjustment. Without that, JPM would have reported earnings of just $0.73, a large miss.
JP Morgan is currently down 1.59 to 31.62
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