Daily Archives: January 16, 2016

What crisis? JPMorgan Chase reports $5.4 billion profit

Finally some good news for the market: Banking powerhouse JPMorgan Chase reported revenue and earnings for the fourth quarter that topped Wall Street’s expectations.

The bank posted a quarterly profit of $5.4 billion — 3.6 times the Powerball jackpot! Earnings were up 10% from a year ago. Shares were up 2% in mid-morning trading Thursday.

Read on.