With Mortgage Surge, JPMorgan Chase Profits Rise

4798JPMorgan Chase & Co. reported h igher third-quarter profits as the largest U.S. bank made more home mortgage loans.

JPMorgan Chase, the largest U.S. bank, reported higher third-quarter profits on increased mortgage lending. (Spencer Platt/Getty Images)
Net income was $ 5.71 billion, or $1.40 a share, compared with $4.2 6 b illion, or $1.02 a share, a year earlier, according to a statement from the company on Friday. Results for both periods included special items.

Source: Reuters
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