J.P. Morgan Chase & Co.’s second-quarter profit increased 5.2% as the firm cut costs and benefited from strong deal-making activity that helped offset weaker trading revenue. The largest U.S. bank by assets on Tuesday reported a profit of $6.29 billion, or $1.54 a share, compared with a profit of $5.98 billion, or $1.46 a share, in the same period of 2014. Revenue fell 3.2%, to $24.53 billion. Results beat expectations. In...
JP Morgan - 2Q net profit $6.29bn, up 5.2% YoY, and beating expectations due to a fall in legal and restructuring costs.