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JP Morgan Chase posts a 35 per cent rise in profits on the back of higher interest rates and lower taxes

JP Morgan Chase posted a 35 per cent rise in profits as higher interest rates and lower taxes boosted business.

The Wall Street investment giant, which has 16,000 staff in the UK, said net income rose to £6.1billion in the first quarter of the year.

‘2018 is off to a good start with our businesses performing well across the board,’ said chief executive Jamie Dimon.

JP Morgan Chase has experienced a boost in profits

JP Morgan Chase has experienced a boost in profits

 

Tags Money Markets

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