JPMorgan profit beats estimates on investment-banking strength, shares jump

-JPMorgan Chase shares climbed 5% on Friday after profit at the biggest U.S. bank beat expectations in the third quarter, fueled by gains in investment banking and rising interest payments.

Net interest income - the difference between what the bank earns on loans and pays on deposits - grew 3% in the quarter. "We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse," Dimon said in a written statement.

"I've always been an American patriot and my country is more important to me than my company," said Dimon, who has not publicly endorsed a presidential candidate, on a call with analysts. Still, consumer finances and spending remain resilient in a strong job market, Barnum said, and late payments on loans are normalizing from historically low levels.

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