( ) -q-25- UNDATED (Correspondent Jeremy House) “stake in Visa.” JPMorgan Chase says profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa Inc. [CutID: <Cuts> JPMORGAN-PROFIT-house-q-FRIam.mp3 Time: 25s Title: JPMORGAN-PROFIT-house-q-FRIam Out-cue: stake in Visa] TAG: Correspondent Jeremy House reporting. ————————— VERBATIM: The bank’s results […]
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JPMorgan Q2 profit jumps as bank cashes in Visa shares
( ) -q-25- UNDATED (Correspondent Jeremy House) “stake in Visa.”
JPMorgan Chase says profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa Inc.
[CutID: <Cuts> JPMORGAN-PROFIT-house-q-FRIam.mp3
Time: 25s
Title: JPMORGAN-PROFIT-house-q-FRIam
Out-cue: stake in Visa]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The bank’s results were also helped by higher interest rates, as well as consumers who seemed to still want to spend, despite geopolitical and economic uncertainties. The nation’s biggest bank by assets posted a profit of $18.15 billion, up 25% from a year earlier. A significant part of JPMorgan’s results was a $7.9 billion gain on its stake in Visa.