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JP Morgan with 4% profit decrease for Q3 2011

The American Bank J.P. Morgan Chase & Co. announced that its profit for the third quarter fell by 4% annually to 4.26 billion dollars or 1.02 dollars per share compared to 4.42 billion dollars and 1.01 dollars per share in the third quarter of 2010. The revenues have remained almost unchanged at a level of 23.8 billion dollars, while adjusted earnings reached 24.4 billion dollars, registering an increase of $ 100 million. The analysts expected profit of 91, however cents per share on revenue of 23.3 billion dollars, according to a survey of FactSet Research. Within a quarter credit institution registered disposable earnings of 29 cents per share of the debit adjustment evaluation of its investment division, resulting from the increase of its credit spreads.The division to invest in unlisted companies announced a loss of 9 cents per share. Bank lost 15 cents per share of costs associated with mortgage securities. From J.P. Morgan said they faced a challenging program in terms of banking and capital markets, but so far retained its first place ranking in the lowest fees for investments as global banking.