JPMorgan Announces Record Profits for Q2, Boosted by Loans Business Surge

[kreslik.news]

JPMorgan Chase today announced strong financial results that easily topped expectations for its Q2 2017 metrics, saying that it had seen strong loan growth and was also supported by higher interest rates.

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The bank reported quarterly earnings of $1.82 per share on revenue of $26.4 billion. Analysts had expected earnings of $1.59 a share on about $25.4 billion in revenue, according to a consensus estimate from Thomson Reuters.

In addition, the company’s net income rose to $7.03 billion in the second quarter from $6.2 billion for the same ... (read more)