JPMorgan profit rises on investment banking boom

Jpmorgan Chase

Jpmorgan Chase

JPM

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July 14 (Reuters) - JPMorgan Chase JPM.N reported a higher second-quarter profit on Tuesday, as robust dealmaking and a pickup in initial public offerings fueled growth in its investment banking business.

The largest U.S. lender posted a profit of $21.2 billion, or $7.70 per share, in the three months ended June 30, compared with $14.99 billion, or $5.24 per share, a year earlier.


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