The Traderszone Network

Published in TZ Latest News 14 October, 2014 by The TZ Newswire Staff

JPMorgan posts profit as trading picks up and legal costs ease

The bank, confirming figures leaked earlier on an investment website, said it recorded net income of $5.6 billion (3.51 billion pounds), or $1.36 per share, for the three months ended Sept. 30, compared with a loss of $380 million a year earlier. Analysts had expected earnings of $1.38 per share, according to Thomson Reuters I/B/E/S. JPMorgan’s shares were down slightly at $58 in premarket trading on Tuesday.

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