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JPMorgan Chase reported higher fourth-quarter profits Friday, boosted by income tied to increasing interest rates.
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JPMorgan Chase reported higher fourth-quarter profits Friday, boosted by income tied to increasing interest rates.
Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs higher inflation.
JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan defaults.
Higher labor costs bit into JPMorgan Chase's fourth-quarter results, but the US bank still reported record annual profits of $48.3 billion.
The Securities and Exchange Commission (SEC) reports that the settlement includes a $130 million disgorgement, a $72 million sanction from the Justice Department, and...