Finance

JPMorgan profit surges on M&A boom

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A view of the exterior of the JPMorgan Chase & Co corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

Oct 13 (Reuters) - JPMorgan Chase & Co (JPM.N) reported a jump in third-quarter earnings on Wednesday, as the largest U.S. bank's Wall Street arm capitalized on a global dealmaking boom.

JPMorgan's net income rose to $11.7 billion, or $3.74 per share, in the quarter ended Sept. 30, compared with $9.4 billion, or $2.92 per share, a year earlier.

Analysts on average had expected earnings of $3.00 per share, according to Refinitiv.

Reporting by Anirban Sen in Bengaluru and Elizabeth Dilts in New York; Editing by Saumyadeb Chakrabarty

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