JP Morgan Hauls Huge Profit

BOUNCING BACK

Updated Apr. 25, 2017 2:37PM EDT / Published Jul. 16, 2009 3:29AM EDT

More confidence from Wall Street: JP Morgan's profits climbed 36 percent this year, beating analysts' expectations, the bank announced on Thursday. JP Morgan's second quarter earnings rose to $2.7 billion from $2 billion a year ago. JP Morgan, the largest bank to repay its TARP money—many said the $25 billion was repaid too soon—has been the only bank among the country's top five banks to post net income during every quarter of the recession.

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JP Morgan Hauls Huge Profit