Profit soars at JPMorgan
Bank posts $3.59 billion in third-quarter earnings
Posted: October 15, 2009 at 4:50 a.m.
A JPMorgan Chase & Co. branch towers above the sidewalk in New York. The bank on Wednesday reported strong earnings.
JPMorgan Chase & Co. posted its highest profit since the subprime-mortgage market collapsed in 2007, relying on a surge in investment-banking revenue to weather higher losses on consumer loans.
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Business, Pages 25 on 10/15/2009
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