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JP Morgan returns to profit in third quarter
Source: AP-EXCITE
NEW YORK (AP) — JPMorgan, the largest U.S. banks by assets, on Tuesday reported third-quarter profit after booking a loss in the same period a year ago.
The bank reported earnings of $5.6 billion, or $1.36 share, compared with a loss of $380 million, or 17 cents a share, in the same period a year ago.
Revenue for the period rose 5 percent to $24.25 billion from $23.12 billion a year ago.
FULL short story at link.
Read more: http://apnews.excite.com/article/20141014/us--earns-jp_morgan-696617d5bd.html