Advertisement
New Zealand markets open in 50 minutes
  • NZX 50

    11,804.84
    -111.94 (-0.94%)
     
  • NZD/USD

    0.5881
    -0.0025 (-0.42%)
     
  • ALL ORDS

    7,862.30
    -147.10 (-1.84%)
     
  • OIL

    85.31
    -0.10 (-0.12%)
     
  • GOLD

    2,399.50
    +16.50 (+0.69%)
     

US Banks Reported Mixed Profits in the Second Quarter

US Banks Reported Mixed Profits in the Second Quarter

JPMorgan Chase (JPM) reported an 18% higher profit than analysts’ expectations in the second quarter to $8.32 billion. According to Barclays analysts, the bank exceeded analysts’ estimates for the 14th straight quarter. The bank’s trading revenues rose 13% to $5.4 billion, while the loan growth rose 4% to $948.4 billion. The bank’s yield on interest-earning assets was at 2.46%.