JPMorgan profit rises on investment banking boom
JPM•Second-quarter profit rises on stronger dealmaking
JPMorgan Chase reported a higher second-quarter profit on Tuesday, as robust dealmaking and a pickup in initial public offerings fueled growth in its investment banking business.
The largest U.S. lender posted a profit of $21.2 billion, or $7.70 per share, in the three months ended June 30, compared with $14.99 billion, or $5.24 per share, a year earlier.
