JPMorgan Chase posts $5.57 bn profit

JPMorgan Chase posts $5.57 bn profit

Tuesday, October 14, 2014 11:22 am

US banking giant JPMorgan Chase said Tuesday it had returned to profits in the third quarter after being saddled with extraordinary charges a year ago.

It posted profits of $5.57 billion, equivalent to $1.36 per share, the bank said in a statement online, an hour before it had been scheduled to release its quarterly earnings report.

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