14.07.2015 - The profit of J.P. Morgan Chase & Co rose in the second quarter
The company's profit of J.P. Morgan Chase & Co. in the second quarter rose amid strong trends in lending and corporate transactions. As a result, the largest bank by assets in the US reported a profit of 6.29 billion dollars against 5.98 billion dollars in the same period of last year. Revenues totaled 24.53 billion dollars against the expected figure of 24.49 billion. Given the steady growth of financial indicators despite the volatility on the stock markets, we expect continued growth within the bank's shares by 18-20% per annum in the medium term.