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JPMorgan Chase’s profits rose 25 per cent in the second quarter, boosted by a long-awaited rebound in investment banking and a gain from its stake in credit card network Visa.
The Wall Street lender reported quarterly net income of $18.1bn, roughly in line with what analysts had expected.
“While market valuations and credit spreads seem to reflect a rather benign economic outlook, we continue to be vigilant about potential tail risks,” JPMorgan chief executive Jamie Dimon said in a statement.
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