NEW YORK ( TheStreet) -- JPMorgan Chase ( JPM) reported third-quarter earnings of $4.4 billion, or $1.01 per share, up from a profit of $3.6 billion, 82 cents a share, in the same period last year. The average estimate of analysts polled by Thomson Reuters was for earnings of 88 cents a share on revenue of $24.5 billion in the September-ended quarter. The stock closed Tuesday's regular session at $40.40, up 1.7%, ahead of the report. Year-to-date, the shares are down a little less than 5%. Follow JPMorgan's earnings conference call on Wednesday morning via TheStreet's live blog.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.