JPMorgan Chase’s earnings rise 9 percent
NEW YORK – Banking giant JPMorgan Chase & Co. said Thursday that its fourth-quarter profits rose 9 percent from a year earlier, helped by strong performance in its consumer banking division and lower legal expenses.
The largest U.S. bank by assets said it earned $4.91 billion, or $1.32 per share, after payments to preferred shareholders, compared to a profit of $4.49 billion, or a $1.19 per share, a year earlier.