JPMorgan Chase Posts $2.7 Billion Profit
JPMorgan Chase reported net income of $2.7 billion in the second quarter, a 36 percent rise from a year earlier, as it reported record fees from its investment banking unit.
The earnings, which exceeded analysts’ expectations, were the latest sign that the strongest banks were finding a bright patch in the midst of economic troubles and financial crises. [New York Times]
Goldman Sachs reported a $3.4 billion quarterly profit on Tuesday.
The banking industry seems to be doing quite well, thank you very much. Are your profits soaring? Have you hugged your banker lately? Do you even know a banker?
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