JPMorgan Chase's third quarter earnings surged 34 percent, the US banking giant said Friday, as it put behind the $6 billion of losses racked up earlier this year in its "London Whale" derivatives trade debacle.
JP Morgan Chase world headquarters on Park Avenue in New York pictured in July. US banking giant JPMorgan Chase's third quarter earnings surged 34 percent on a turnaround in the bank's own investment activities and improvement in most other business areas, the company said Friday.
Profits surged in most areas of business, but especially on a turnaround in the bank's own investment activities and improvement in its mortgage business, the bank said.
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