Tue Oct 14, 2014 6:36am EDT
(Adds details)
By Tanya Agrawal and David Henry
Oct 14 (Reuters) - JPMorgan Chase & Co posted a third-quarter profit as the biggest U.S. bank moved past the huge legal claims that pushed it into a rare loss in the same quarter last year, according to an apparently authentic bank document posted on an investment website ahead of its official release on Tuesday.
The bank recorded net income of $5.6 billion, or $1.36 per share, for the three months ended Sept. 30, compared with a loss of $380 million in the year-earlier quarter, according to the document posted on shareholder.com, which was later removed from the site.
A JPMorgan spokeswoman in the United States said she had no immediate comment.
The URL of the statement is consistent with previous financial supplements from JPMorgan that are linked through the bank's investor relations website.
Shareholder.com is owned by Nasdaq OMX Group Inc.
Analysts had expected earnings of $1.38 per share, according to Thomson Reuters I/B/E/S.
It was not immediately clear if the reported figure was comparable, but the bank's shares were down 0.5 percent in U.S. premarket trading and 1.4 percent in Frankfurt.
The bank was hit last year by an after-tax expense of $7.2 billion to settle government allegations of wrongdoing related to mortgage instruments before the financial crisis.
Revenue from fixed-income, currency and commodity trading rose 2.1 percent to $3.51 billion in the latest quarter compared with a year earlier, and was also slightly higher than in the preceding quarter, the document showed.
Market activity picked up in September, largely due to the European Central Bank's efforts to stimulate growth and a batch of data suggesting the U.S. economy was strengthening.
The surprise exit of superstar Bill Gross from bond trading giant Pimco also spurred bond market activity in late-September.
MODEST GROWTH
Overall revenue rose 5 percent to $24.25 billion, beating the average market forecast of $24.01 billion.
"Growth is modest. The headline numbers have come out slightly below expectations, but the model of stability is there, and that's ultimately what you want from a bank," said Simon Maughan, head of research at financial analysis firm OTAS Technologies in London.
The document did not provide a figure for costs related to an attack on the bank's computers that was discovered in August and exposed the names and contact information of some 76 million households and seven million small businesses.
Net income from mortgage banking fell 38 percent $439 million.
Mortgage lending by U.S. banks has been shrinking as fewer homeowners refinance. JPMorgan has also been backing away from making home loans to less creditworthy borrowers because of doubts about its ability to recover money in foreclosures.
JPMorgan, which had been expected to report its results at 0700 ET (1100 GMT), is the first of the big U.S. banks to report for the quarter. Citigroup Inc and Wells Fargo & Co also report on Tuesday. Bank of America Corp, the second-biggest U.S. bank, will report on Wednesday.
The quarterly report was the bank's first since Chief Executive Jamie Dimon, 58, underwent radiation and chemotheraphy treatment for throat cancer. The illness has raised questions about who might succeed Dimon if he has to step down. (Additional reporting by Steve Slater in London; Editing by Ted Kerr)
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