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BUSINESSJul 14 · 11:47 UTCWPLG LOCAL 10 MIAMIBy MATT OTT, Associated Press

JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility

JPMorgan Chase reported a $16.9 billion second-quarter profit, driven by record revenue in its equities trading division due to market volatility linked to the war in Iran. Wells Fargo also saw a 22% rise in net income to $6.4 billion, with growth in investment banking and markets revenue.

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JPMorgan ChaseorganizationJamie DimonpersonWells FargoorganizationCharlie S. Scharfpersonmarket volatilitytopicInvestment Bankingtopicequities tradingtopicWar in Irantopic
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JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility · The Nexus