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JPMorgan's 2Q Profits Surge 25% Thanks To One-Time Gain And Wall Street Revival
Second-quarter profits at JPMorgan Chase (JPM) surged, but a drop in a key revenue source demonstrated the challenges facing even the biggest US bank.
Citi Profit Beats On Surge In Investment Banking, Services Strength
Citigroup beat Wall Street expectations for 2nd-quarter profit boosted by a 60% jump in investment banking revenue and gains in its services division.