JPMorgan Net Income May Show 10% Decline on Investment Banking

JPMorgan Chase & Co. may say profit slid 10 percent in the third quarter, the biggest drop in more than two years, as Europe’s credit crisis and the U.S. debt-ceiling debate spoiled optimism for an economic recovery.

Tomorrow’s report from the New York-based bank will probably show earnings of $3.96 billion, according to the average estimate of 18 analysts surveyed by Bloomberg. That compares with $4.42 billion a year earlier and $5.43 billion in the three months ended June 30.