Banks jump as JPMorgan, Wells Fargo kickoff Q3 results season with profit beats
** Bank stocks jump in mid-morning trading with KBW Bank Index .BKX up ~3.3%, while regional banking index .KRX rises ~3.6%
** JPMorgan Chase JPM.N, the largest U.S. bank and the sector bellwether, up 4.4% after Q3 profit beats expectations on strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions
** Wells Fargo WFC.N gains 6.4% as it surpasses quarterly profit estimates after setting aside less money than expected to cover potential loan losses and predicted its interest income would improve
** Major large-cap banks Goldman Sachs Group Inc GS.N, Morgan Stanley MS.N, Citigroup C.N and Bank of America Corp BAC.N last up between ~1.7% and ~4.5%
** MS, GS, Citi and BofA set to report Q3 results next week, alongside a raft of regional lenders
Reporting by Manya Saini in Bengaluru
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