JP Morgan Profits Up on Mortgage Surge
JPMorgan Chase & Co. said third-quarter earnings jumped 34 percent as the largest U.S. bank made more home loans.
Net income was a record $5.71 billion, or $1.40 a share, up from $4.26 billion, or $1.02 a share, a year earlier, the bank reported on Friday. Results for both periods included special items.
Source: Reuters. Read full article. (link)
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.