JPMorgan Chase said earnings from its lending business would continue to increase this year on the back of higher interest rates as the largest US bank reported a jump in profits in the second quarter.
The group said on Friday that net income had jumped 67 per cent year on year to $14.47bn, ahead of analysts’ estimates of $11.9bn, according to consensus data compiled by Bloomberg.
Read More : JPMorgan Benefits from Profit Growth Due to Higher Interest Rates