JPMorgan Chase Q2 Profit Rises 13% on Higher Fees, Lower Credit Losses (JPM)
Posted on July 14, 2011 at 08:49 AM EDT
Financial services giant JPMorgan Chase & Co. (JPM) on Thursday posted better-than-expected second quarter earnings, led by sharply higher investment banking income and lower credit losses. The New York-based company reported second quarter net income of $5.4 billion, or $1.27 per share, compared with $4.8 billion, or $1.09 per share, in the year-ago period. On [...]