EmailJP Morgan (JPM $41.80 -0.30) reported third quarter earnings of $1.40 per share, $0.19 better than the Capital IQ Consensus Estimate of $1.21. Revenues rose 5.8% year over year to $25.15 billion versus the $24.27 billion consensus. Mortgage Banking record production revenue: originations of $47 billion, up 29%. Total non-interest expense was $15.3 billion, up 3% quarter over quarter and down 1% year over year. Book value was $50.17 up 4% quarter over quarter and 9% year over year. Return on equity was 12% compared to 11% in the second quarter and 9% in the third quarter of 2011. Total Loans fell 1% quarter over quarter to $721 billion.
Basel I Tier 1 common of $135 billion; or 10.4%, up from 9.9% in the prior quarter Estimated Basel III Tier 1 common of 8.4%, up from 7.9% in the prior quarter Loan loss reserves of $23 billion; Global Liquidity Reserve of $449 billion.
than one year.
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