JPMorgan Chase Q2 profits blow by expectations, increase 13% on year

( – U.S. banking concern JPMorgan Chase reported Thursday a second-quarter profit of US$5.4 billion, up 13 percent year-on-year, citing solid performance of its Wall Street businesses. The earnings came on revenues of nearly US$28 billion, up 7 percent on the second quarter of 2010 and 6 percent over the first-quarter volume.

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