J.P. Morgan profit rises 23% in 3Q
12:14, 14 October 2010
NEW YORK. October 14. KAZINFORM J.P. Morgan Chase & Co.'s third-quarter profit rose 23 percent, the company said Wednesday; Kazinform refers to Xinhua.
The nation's second largest bank by assets reported 4.4 billion U.S. dollars in third-quarter profits, or 1.01 dollars per share, topping analysts' estimates.
The profit "was the result of the good underlying performance of our businesses," Chairman and Chief Executive James Dimon said in a news release.
The investment banking's results were "solid" and its main street operations saw "strong" mortgage loan production, he said; Kazinform cites Xinhua.
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