- JPMorgan Chase's profit rose in the second quarter, buoyed by rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa.
The bank benefited from a plan to exchange some of its shares in Visa, the world's largest payment network. Wall Street banks are also seeing an uptick in fee income from advising on M&A deals as companies become more confident on the U.S. economy's ability to avoid a major downturn.JPMorgan's investment banking fees grew 50%, higher than an earlier company prediction of 25% to 30%.
‘Devastating’: Ex-John Deere employee warns of ‘significant impacts’ of mass layoffs as jobs move to Mexico
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: