US Banks: JPM, Wells Fargo fall after Q3 results

JPMorgan Chase & CoJPM.N

** Shares slip 2.7% premarket after reporting higher Q3 profit on investment banking and trading strength

** Bank's Q3 profit rose to $15.3 bln, or $5.57/shr, as revenue from its markets division climbed 15% and investment banking fees grew 14%

** JPM's stock has advanced ~3.7% YTD

Wells Fargo WFC.N

** Wells Fargo shares down 2.4% premarket after the co reported a rise in Q3 profit

** The forth-largest US lender reported net income of $5.95 bln, or $1.87/share, compared with $5.59 billion, or $1.66/share, a year earlier

** Stock has fallen ~10.6% YTD