JPMorgan Chase JPM Earns $4.8 Billion

JPMorgan Chase & Co. (JPM), announced that it earned $4.8 billion during the second quarter a gain of 77 percent.
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JPMorgan Chase JPM Earns $4.8 Billion
The JP Morgan Chase building in New York City. (Chris Hondros/Getty Images)
7/15/2010
Updated:
10/1/2015

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/80356317Chase.jpg" alt="The JP Morgan Chase building in New York City. (Chris Hondros/Getty Images)" title="The JP Morgan Chase building in New York City. (Chris Hondros/Getty Images)" width="320" class="size-medium wp-image-1807588"/></a>
The JP Morgan Chase building in New York City. (Chris Hondros/Getty Images)
JPMorgan Chase & Co. (JPM), the nation’s second-largest bank, announced that it earned $4.8 billion during the second quarter, a gain of 77 percent over the same period last year. Its $1.09 in earnings per share easily topped analyst expectations of 67 cents a share, as forecasted by Thomson Reuters.

According to the company, it provided almost $700 billion in credit to businesses, individuals, and governments during the first six months of the year. “Although we are gratified to see consumer-lending net charge-offs and delinquencies decline, they remain at extremely high levels, and therefore returns in our consumer-lending businesses are still unacceptable,” CEO Jamie Dimon said in a statement.