Recovering Economy And Rising Interest Rates Help JPMorgan Overcome Wall Street’s Malaise


JPMorgan’s third quarter profits rose 7% due to a recovering U.S. economy and rising interest rates, which outweighed falling trading and investment banking revenues. The bank’s results were generally in-line with analyst estimates, helping to justify a 40% surge in its stock in the past year.October 12, 2017 at 08:13AM

via Forbes Real Time http://ift.tt/2yieF1N