Total assets surpass $3 billion in third quarter
Firm still searching for CEO
Trading income jumps 49%
Increased trading volume in futures and options
Strong performance across all customer groups
Expanding capital markets platform boosts revenue
J.P. Morgan Chase & Co. recorded much higher third-quarter net income, driven by record trading revenues, the bank said today.The bank said quarterly profit was US$2.5 billion, compared with net income of US$1.4 billion for the third quarter of 2004. Current period results include US$221 million (pre-tax) of merger charges, reflecting the merger with Bank […]
US$500 million fund set aside
Time for a reality check
Strong equity markets contribute to growth