NEW YORK (AFP) – US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year.
Reporting solid performance across most business areas, the New York-based bank's profits included 1.5 billion dollars that had been set aside to cover bad loans.
"We continue to aggressively do all that we can reasonably and responsibly to contribute to the economic recovery," said CEO Jamie Dimon.
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"It is our fervent hope that we shall crush in its infancy the moneyed aristocracy of the corporations which already bid defiance to our revolution and the laws of the country."--Thomas Jefferson
"Tight rein must be kept on the world of business, lest it usurp our liberties and make a sham of our democracy."---Ben Franklin
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