JPMorgan Chase’s profit jumps 23 percent in 3Q

JPMorgan Chase & Co. said Wednesday that its third-quarter profit jumped 23 percent because the banking giant was able to set aside less money to cover loan losses. CEO Jamie Dimon did warn that loan losses are still high in both the mortgage and credit card portfolios, but they are no longer rising like they [...]

October 13, 2010Comments OffRead More