JPMorgan Chase & Co. on Friday said its profit increased as the bank continued to benefit from a relatively strong economy.
The nation's largest bank by assets reported a profit of $9.18 billion, or $2.65 a share. Revenue rose to $29.12 billion from $27.91 billion a year ago.Shares rose 2% in premarket trading after the results were announced. The bank said its net interest income, the amount it makes on lending minus what it pays out on deposits, rose 9% to $14.45 billion.
Investeraren Relatively
Which means good ol' Jamie Dimon has more to spend on cryptocurrency, right? (Anyone?!)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: