YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
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.
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