A supersized tax benefit helped J.P. Morgan Chase & Co. report a 22% increase in third-quarter profit, but investors focused on weakness in the firm’s trading division. The largest U.S. bank by assets reported a profit of $6.8 billion, or $1.68 a share. That compares with a profit of $5.57 billion in the same period of 2014. Excluding $2.2 billion of tax benefits and other one-time items, however, earnings came in at $1.32 a share, a nickel shy of the $1.37 a share polled by analysts polled by Thomson Reuters. [WSJ]
Not Paying Out Billions In Legal Fees Is Boon To JP Morgan's Profit
So that's something new and exciting.
JP Morgan Planning To Tell Market Maker To Hit The Bricks, Come Back When It's Thought About What It's Done
KCG Holdings is probably going to fired...with the door open to be rehired.
JP Morgan Will Shame Its Executives In The Streets
But only the naughty ones.
As JP Morgan Nears Settlement Over Asian Hiring Practices, Let's Remember The Super Star Of This Tale
Everybody give it up, one last time, for Gao Jue.
JP Morgan Tells Employees To Go Ahead And Take The Weekend Off
And not just one each month. Take 'em all!