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JPMorgan reports 13 pct rise in quarterly profit

Reuters 

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 13.4 percent increase in quarterly profit on Friday as gains from higher interest rates more than offset a drop in bond trading.The bank's net income rose to $7.03 billion in the second quarter ended June 30 from $6.20 billion a year earlier. Earnings per share rose to $1.82 from $1.55. [http://bit.ly/2tQ630n]Analysts had expected earnings of $1.58 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported results were comparable.Executives at big banks warned in recent weeks that ...

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First Published: Fri, July 14 2017. 16:41 IST
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