Chase Profits, But More Consumer Pain Ahead

Banks are cautiously optimistic on positive second-quarter earnings, but most experts remain wary as potential pitfalls in consumer lending could slow any economic recovery.
Chase Profits, But More Consumer Pain Ahead
The JP Morgan Chase building is seen March 24, 2008 in New York City. The banking giant posted a $2.7 billion profit in the second quarter on July 16, 2009, a 36% jump from 2008. Revenues were up 39%, at $25.62 billion. Chris Hondros/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/89064162.jpg" alt="The JP Morgan Chase building is seen March 24, 2008 in New York City. The banking giant posted a $2.7 billion profit in the second quarter on July 16, 2009, a 36% jump from 2008. Revenues were up 39%, at $25.62 billion. (Chris Hondros/Getty Images)" title="The JP Morgan Chase building is seen March 24, 2008 in New York City. The banking giant posted a $2.7 billion profit in the second quarter on July 16, 2009, a 36% jump from 2008. Revenues were up 39%, at $25.62 billion. (Chris Hondros/Getty Images)" width="320" class="size-medium wp-image-1827312"/></a>
The JP Morgan Chase building is seen March 24, 2008 in New York City. The banking giant posted a $2.7 billion profit in the second quarter on July 16, 2009, a 36% jump from 2008. Revenues were up 39%, at $25.62 billion. (Chris Hondros/Getty Images)
Antonio Perez
Antonio Perez
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