JPMorgan Chase just reported second-quarter earnings, posting a big beat.
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JPMorgan beats, posts record-breaking quarter (JPM)
Wall Street was expecting earnings of $1.60 a share, with lower trading revenue likely to be offset by higher net interest income.
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"Loans and deposits continue to grow strongly, and card sales and merchant processing volumes were up double digits, reflecting our consistent investment in the business," CEO Jamie Dimon said Friday. "In the Corporate & Investment Bank, we maintained our leadership in Banking, while Markets revenue was down amid lower volatility and client activity."
Here are the key numbers:
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