![]() ![]() “That hurricane is right out there, down the road, coming our way,” he said last summer. The blowout earnings were a surprise to many who have followed Dimon’s largely pessimistic forecast for the inflation-rattled economy. The deal, put together by regulators, brought in new customers, branches and deposits and pushed profit in JPMorgan’s retail banking division 71% higher. Instead, the bank’s profits jumped 67% from the previous quarter - boosted by the megabuck’s acquisition of First Republic Bank in May - to easily beat Wall Street estimates. JPMorgan on Friday announced the Wall Street giant raked in $14 billion in profit in the second quarter - despite CEO Jamie Dimon’s dire economic predictions. Mastercard blocks marijuana transactions on debit cards, citing federal illegalityĮpstein helped JPMorgan land Google co-founder - and his $4B in investments - as a client: lawsuit Banks vote to limit accounting of emissions in bond and stock salesīig banks will need to hold more capital to guard against risk under new Fed proposal
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