India, Oct. 13 -- US investment bank JPMorgan Chase & Co. (JPM) reported Tuesday that net income for the third quarter grew to $15.31 billion or $5.57 per share from $14.39 billion or $5.07 per share in the prior-year quarter.
Excluding special items, adjusted net income was $15.8 billion or $5.75 per share.
The provision for credit losses was $2.74 billion, reflecting a net reserve build of $539 million and net charge-offs of $2.2 billion, compared to last year's $3.40 billion, reflecting a net reserve build of $810 million and net charge-offs of $2.6 billion.
Total net revenue on a reported basis grew 8 percent to $50.17 billion from last year. On a managed basis, net revenue was $50.91 billion, up 8 percent from $47.12 billion in the ...