Banking giant JP Morgan Chase reports 5.2% rise in profits
July 15 , 2015
Exceeding expectations, JP Morgan Chase has posted a 5.2% increase in profits for the second quarter to $6.29 billion amid a fall in restructuring and legal costs.
Meanwhile, the US banking giant’s revenues dropped 3.2% to $24.53 billion in the April to June period.
Chief executive Jamie Dimon said that the company had “made good progress” in the second quarter, adding that the bank was “also on target” in delivering on its expense commitments.