JP Morgan earnings on deck with lending, deal-making fees in focus

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JP Morgan earnings on deck with lending, deal-making fees in focus
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Solid consumer banking profits are likely to offset a slump in dealmaking fees and boost overall third quarter earnings for the country's biggest lender.

shares edged lower in pre-market trading ahead of the banking giant's third quarter earnings prior to the opening bell.

The bank is also expected to see profits from its consumer lending business rise as a result of the higher interest rate environment, offsetting a slump in global dealmaking fees amid a dearth of new listings and takeovers so far this year.

 

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