Weak lending, decline in many of the loan series and indicative of the real economy was off set by strong trading, liquidity driven economic illusion, results.
JPMorgan Chase, the first of the big banks to report earnings for the January-March period, said it earned $3.3 billion, up from $2.1 billion a year earlier. The company again added to its reserves for failed loans during the quarter, but its investment banking division and other businesses enabled it to more than overcome the ongoing weakness in lending.
Source: finance.yahoo.com
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