JPM Q2 private banking earnings: rising revenues, falling AUM

16 July 2010 | 1 minute read

JPMorgan Chase reported second quarter earnings of US$4.8bn, up 78% from prior year on solid performance across most businesses combined with reduced credit loss. Revenue from its private bank unit was US$695m, up 9% from a year earlier. Revenue from private wealth management was US$348m, up 4%. On a quarter-to-quarter basis, its second quarter private bank business revenue was up…

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