NEW YORK, Oct. 11 (Xinhua) -- U.S. banking giant JPMorgan's net income fell 2 percent in the third quarter as it had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading, The Associated Press (AP) reported on Friday.
Net income fell to 12.9 billion U.S. dollars from 13.2 billion dollars in the year-ago quarter, said the New York bank. However, earnings per share rose to 4.37 dollars from 4.33 dollars because there were fewer outstanding shares in the latest quarter.
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