REUTERS: JPMorgan Chase & Co reported a better-than-expected quarterly profit on Tuesday as higher interest income and buoyant consumer lending offset lower activity at its trading desks.
Average loans at the largest U.S. bank, however, increased 2per cent on the back of an 8per cent rise in credit-card loans. Income from consumer and community banking, JPMorgan's largest business, rose 22per cent to US$4.17 billion, offsetting declines across its other main businesses.
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