YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

JPMorgan's profits more than double

Posted online

JPMorgan Chase & Co. reported second quarter profits of nearly $12 billion, more than doubling its results from a year earlier.

Revenue, however, fell 8% to $30.5 billion.

During the second quarter of 2020, JPMorgan set aside $10.5 billion to prepare for loan defaults. In its most recent quarter, the company freed up some of its pandemic loan-loss reserves.

Read more from Fox Business.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences