JPMorgan Chase & Co (see our JPMorgan stock forecast), leading US bank, assets reported a 35% grow in quarterly profit today according to a statement that the bank released. This impressive change is mainly a result of higher interest rates for loans and lower taxes. The bank’s net income surged to $8.71 billion from $6.45 billion.Overall, revenues spiked to $27.9 bill

ion which is a significant increase from last years $25.6 billion. Worth to mention analysts expected around $27.7 billion which has been slightly improved on during the quarter’s end.

The record quarterly net income means that the bank made around $100 million in profit every single day. Guess shareholders are quite happy with that as JMorgan Chase shares currently are traded at $113.47

“2018 is off to a good start with our businesses performing well across the board” Dimon said in the statement.

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