{"id":39,"date":"2007-01-18T15:54:33","date_gmt":"2007-01-18T15:54:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/01\/jp_morgan_chase_reports_strong"},"modified":"2021-09-20T15:41:46","modified_gmt":"2021-09-20T20:41:46","slug":"jp-morgan-chase-reports-strong","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chase-reports-strong\/","title":{"rendered":"JP Morgan Chase Reports Strong Profits For 4th Quarter From Investment Banking Growth And The Sale Of Their Trust Unit"},"content":{"rendered":"

\t\t\t\tJP Morgan Chase & Co. is reporting a 68% increase from the sale of their corporate trust unit, as well as strong investment growth. Credit quality became weaker, however. This suggests that the investment bank’s individual and commercial clients, like with many major banks, had a more difficult time paying their bills.<\/p>\n

JP Morgan Chase is the third largest bank in the U.S. For its 4th quarter, the bank reported a net income of $4.53 billion, up $2.7 billion from the previous year. Revenue was $16.05 billion. According to analysts, 2007 is looking “modestly better than expected” for JP Morgan Chase. <\/p>\n

Meanwhile, Wells Fargo & Co, the fifth largest bank in the country, reported a 13% rise in fourth quarter earnings. Credit losses for Wells Fargo also grew.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

JP Morgan Chase & Co. is reporting a 68% increase from the sale of their corporate trust unit, as well as strong investment growth. Credit quality became weaker, however. This suggests that the investment bank’s individual and commercial clients, like with many major banks, had a more difficult time paying their bills. JP Morgan Chase […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3797],"tags":[],"class_list":["post-39","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-j-p-morgan-chase"],"yoast_head":"\nJP Morgan Chase Reports Strong Profits For 4th Quarter From Investment Banking Growth And The Sale Of Their Trust Unit — Investor Lawyers Blog — January 18, 2007<\/title>\n<meta name=\"description\" content=\"JP Morgan Chase & Co. is reporting a 68% increase from the sale of their corporate trust unit, as well as strong investment growth. 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