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JPMorgan surges 5% on Q3 earnings beat

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JPMorgan (JPM) stock surged over 5% on Friday after the nation’s largest bank released earnings that strongly beat consensus.

JPMorgan stock sails ahead on an impressive Q3 showing.

arrives 10% above Wall Street consensus. Revenue benefits from investment banking, wealth management fees. Traders focus on setting new all-time high. JPMorgan stock surged over 5% on Fridayafter the nation’s largest bank released earnings that strongly beat consensus. The Producer Price Index for September was released before the market open, and it was not the signal the market desired. The annual inflation figures for both headline and core PPI arrived above consensus.

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