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JPMorgan posts blowout second-quarter profits as Dimon cites booming markets
JPMorgan beat earnings expectations in the second quarter, and CEO Jamie Dimon said a healthy consumer and strong markets helped drive results.
JPMorgan turned in blowout profits for the second quarter, topping earnings expectations, according to MarketWatch.
CEO Jamie Dimon attributed the performance to what he described as booming markets and a “fine” consumer backdrop, MarketWatch reported.
The company’s quarterly results reflect a period of stronger-than-expected profitability, building on the momentum Dimon pointed to in markets and consumer demand, MarketWatch said.