JPMorgan second-quarter profit rises on higher interest income

First Republic Bank

14/07/2023 11:49

July 14 (Reuters) - JPMorgan Chase  JPM.N  posted a 67%
jump in profit for the second quarter on Friday as it earned
more in interest from borrowers.
    The largest U.S. lender's profit climbed to $14.47 billion,
or $4.75 per share, for the quarter ended June 30. That compares
with $8.65 billion, or $2.76 per share a year earlier.
    


 (Reporting by Niket Nishant and Noor Zainab Hussain in
Bengaluru and Nupur Anand in New York; Editing by Lananh Nguyen)
 ((Niket.Nishant@thomsonreuters.com;))