Helped by Lower Loan Losses, JPMorgan Posts 76% Rise in Profits
July 19, 2010 by
Filed under home equity loan
Helped by Lower Loan Losses, JPMorgan Posts 76% Rise in Profits
The banking conglomerate JPMorgan Chase (JPM) posted a 76% rise in its quarterly results on Thursday, lifted by a one-time reduction in loan-loss reserves and strong results across a number of its businesses.
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