JPMorgan Chase becomes second US bank to report rise in profits

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JPMorgan Chase becomes second US bank to report rise in profits

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07-16-2009, 03:24 PM

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JPMorgan Chase becomes second US bank to report rise in profits

JPMorgan Chase has today announced a surge in profits for the April to June period. The bank said net profit for the quarter totalled $2.72 billion (£1.6 billion) - an increase of 36% compared with the same period a year ago.Meanwhile, the bank said revenues at increased 41% to a record $27.7 billion.The announcement comes [...]

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