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JPMorgan Chase’s 4Q profits jump 21%, helped by trading

January 14, 2020

Via: ABC News

NEW YORK — Banking giant JPMorgan Chase said profit jumped 21% in the final three months of 2019, as the bank’s trading desks had a blowout quarter, which offset the impact of declining interest rates.

The New York-based bank earned a profit of $8.52 billion, or $2.57 per share. That’s up from $7.07 billion, or $1.98 a share, in the same period a year earlier. The bank beat the forecast of analysts who were looking for JPMorgan to earn $2.35 a share.

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