JPMorgan Chase & Co. on Friday said its profit increased as the bank continued to benefit from a relatively strong economy
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.
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