JPMorgan’s second-quarter net income falls

Published



NEW YORK (AP) — JPMorgan Chase, the nation’s largest bank by assets, said Tuesday its second-quarter earnings fell 9 percent as revenue at its investment banking and mortgage businesses dropped.

The bank’s net income totaled $5.6 billion in the quarter after payments to preferred shareholders. That was down from net income of $6.1 billion in the same period last year.

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