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JPMorgan (JPM) Stock Falling on Weak Third Quarter Earnings

NEW YORK (TheStreet) -- Shares of JPMorgan Chase (JPM - Get Report) are down by 2.27% to $60.14 in mid-morning trading on Wednesday, after the bank released its third quarter earnings results yesterday afternoon.

The country's largest bank reported a 22% year over year rise in quarterly profits to $6.27 billion or $1.32 per share, missing analysts' consensus estimates for earnings of $1.37 per share.

Revenue for the period fell to $22.8 billion versus the $24.5 billion JPMorgan generated a year ago. Analysts were...