JPMorgan Profits Climb, Credit Losses Decline

JPMorgan’s credit losses fell 78 percent in the second quarter to $47 million as net charge-offs declined, RTTNews reported on July 15. The decrease was driven by improved delinquency trends.

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    In total, JPMorgan saw a 31 percent jump in profit, with revenues increasing significantly. The company’s loan loss provisions decreased.

    Read the full report here.