One of the creatures from Jekyll Island, JPMorgan Chase & Co. (NYSE:JPM), kicked off bank earnings by announcing an improvement in M&A and underwriting. The super-sized bank reported a 47% rise in profits — or $4.8 billion ($1.12 a share) on revenues of $26.1 billion versus earnings of $3.3 billion ($0.74 a share) on revenues of $24.3 billion a year earlier [see call transcript].
Shares are up ~1.75% to start the trading day.
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