| JPMorgan Chase kicked off big
bank earnings season Tuesday with stronger-than-expected results, posting over $14 billion in profit for the second quarter — a 9% gain over this period last year once you exclude special items. All in all, it’s a comfortable beat bolstered by a rebound in dealmaking, record trading revenue, and strength in consumer banking. Let’s look at what the results say about both the bank, and the broader U.S. economy right now. |
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