Comment on JPMorgan Quarterly Profit Gets Boost From Cost Cuts, Tax Benefit

JPMorgan Quarterly Profit Gets Boost From Cost Cuts, Tax Benefit

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 22.3 percent rise in quarterly profit on Tuesday as lower costs, a tax benefit and a smaller provision for credit losses made up for weaker trading revenue.

 

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