Go Finance Reporting - Earnings banks from the United States (U.S.) JPMorgan Chase jumped recorded in 2010, after a decline in the fourth quarter.
Quoted by AFP on Saturday (01/15/2011), while in whole or in throughout 2010, JPMorgan gain net income USD17, 4 billion, jumped 48 percent. Meanwhile, earnings per share stood at $ 3, 96 or exceeded the average estimate of $ 3, 84.
The financial statements issued by JPMorgan becomes the first of the major banks in the U.S. which reported fourth-quarter results, which rose 2.0 percent to USD102, 7 billion, according to Wall Street expectations.
Then, fourth-quarter profit jumped 47 percent from last year to $ 4, 8 billion. While earnings per share stood at USD1, 12. As for revenue in the period from October to December rose 10 percent to $ 26, 1 billion.
"The performance of the company during the quarter by quarter and this year reflects the good results in most of our business," said chairman and CEO of JPMorgan, Jamie Dimon.
He said the current trend in business is to provide their bank loans, credit cards, and wholesalers continue to rise. In the mortgage business, cost-offs and unexpected costs have improved. However, credit costs remain abnormally high level and continues to be a significant attraction. (GoFinance)
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