JPMorgan Chase & Co. posted second-quarter profit of $5.4 billion, or $1.27 a share.
The New York-based bank posted revenue of $27.4 billion, up from $25.6 billion in the previous year’s quarter.
“Our second-quarter earnings reflected solid performance across most of our businesses,” said Jamie Dimon, chairman and CEO. “The investment bank delivered strong earnings across most products and maintained its #1 ranking in global investment banking fees. Commercial banking reported record revenue and continued loan growth for the quarter. Retail financial services demonstrated good underlying performance in retail banking but continued to experience high losses for mortgage-related issues.”
Chase is the second-largest in country, just behind Bank of America Bank of America Latest from The Business Journals U.S. mortgage rates fall after jobs reportJPMorgan Chase churns .4B in profitBank mortgage liabilities get fresh look from SEC Follow this company and ahead of Citigroup Inc. Citigroup Inc. Latest from The Business Journals U.S. mortgage rates fall after jobs reportJPMorgan Chase churns .4B in profitBank mortgage liabilities get fresh look from SEC Follow this company
Chase has 131 South Florida branches and $7.63 billion in deposits, according to the 2011 South Florida Business Journal Book of Lists.
The New York-based bank posted revenue of $27.4 billion, up from $25.6 billion in the previous year’s quarter.
“Our second-quarter earnings reflected solid performance across most of our businesses,” said Jamie Dimon, chairman and CEO. “The investment bank delivered strong earnings across most products and maintained its #1 ranking in global investment banking fees. Commercial banking reported record revenue and continued loan growth for the quarter. Retail financial services demonstrated good underlying performance in retail banking but continued to experience high losses for mortgage-related issues.”
Chase is the second-largest in country, just behind Bank of America Bank of America Latest from The Business Journals U.S. mortgage rates fall after jobs reportJPMorgan Chase churns .4B in profitBank mortgage liabilities get fresh look from SEC Follow this company and ahead of Citigroup Inc. Citigroup Inc. Latest from The Business Journals U.S. mortgage rates fall after jobs reportJPMorgan Chase churns .4B in profitBank mortgage liabilities get fresh look from SEC Follow this company
Chase has 131 South Florida branches and $7.63 billion in deposits, according to the 2011 South Florida Business Journal Book of Lists.
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