NEW YORK — JPMorgan Chase & Co.'s third-quarter earnings soared as strong investment-banking results outweighed another sizable provision for loan losses.

The $2 billion the bank set aside to cover current and future losses from consumer loans reflects the bank's tradition of protecting its balance sheet even as many bankers see a slowdown in the rate delinquencies are increasing. Chairman and Chief Executive Jamie Dimon said the cost of covering delinquencies will remain elevated "for the foreseeable future" in the company's consumer and credit-card operations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.