JPMorgan trims legal costs, returns to profit

Posted online October 14, 2014 | 6:48 am

JPMorgan Chase's lower legal costs last quarter allowed it to go back to doing what it does best: making money.

The company reported a $5.6 billion profit for the three months ended in September, compared to a loss in the quarter a year earlier due to $9.3 billion set aside for legal expenses, according to CNNMoney.

Among movements, mortgage originations jumped 26 percent from last quarter.

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