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JPMorgan profits surge past $8bn after surprise trading gains

Bank kicks off Wall Street earnings season with big growth in stock-trading revenues

JPMorgan profits surge past $8bn after surprise trading gains
Photo: iStockPhoto

JPMorgan has defied analyst expectations by posting a 12% increase in trading revenues during the second quarter, on the back of strong growth in equities.

The US bank kick-started the second-quarter earnings season for Wall Street on Friday with $8.3bn in net profits across the group, up 18% year-on-year.

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