Tag Archives: Wells Fargo Bank Profits Jump

JPMorgan Chase, Wells Fargo Bank Profits Jump – 12 July 2013

JPMorgan Chase Chairman and CEO Jamie Dimon, right, visits with  traders Thomas Kay, left, and Frederick Reimer on the floor of the New York Stock Exchange Friday.The biggest U.S. bank, says its second-quarter earnings surged 32 per cent.Loans still soft, but U.S. banking sector in recovery

 JPMorgan Chase Chairman and CEO Jamie Dimon, right, visits with traders Thomas Kay, left, and Frederick Reimer on the floor of the New York Stock Exchange Friday.The biggest U.S. bank, says its second-quarter earnings surged 32 per cent. (Richard Drew/Associated Press)

JPMorgan Chase saw second-quarter earnings surge 32 per cent, while Wells Fargo profit was up 20 per cent, a sign of relative health in the U.S. banking industry.

JPMorgan Chase, the biggest U.S. bank, had profits of $6.1 billion US after stripping out payments to preferred shareholders, up 32 per cent from $4.6 billion in the same period a year ago. The earnings were equivalent to $1.60 per share, beating analysts expectatons of $1.44 per share.

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