Biz: JP Morgan follows the Goldman Sachs route to post-bailout profits
- $2.7 billion JP Morgan’s profit this quarter, up 36% from a year ago and 27% from the last quarter; as you might guess, investors are giving each other high-fives right now
- $2.2 billion The company’s fees from underwriting and investment banking advisory – the company’s CFO sez it’s a “record for any investment bank in any quarter.” source