JPMorgan made $26.5 bn over 12 months, record for a US bank
JPMorgan Chase, the biggest US bank, made $26.5 billion over the past 12 months, a record profit for any US bank. It reported a profit of $7.03 billion for the second quarter, 13% higher than last year. However, its stock fell 0.9% on Friday, the most since May, while the S&P 500 index climbed to a record.