JPMorgan profit surges on investment banking gainsJuly 16, 2009 4:53 PM ET advertisement
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All Associated Press newsCHARLOTTE, N.C. (AP) - The banking industry has another winner.
JPMorgan Chase & Co. reported a 36 percent jump in second quarter profits Thursday, easily surpassing analysts' forecasts as huge gains in its investment banking business outweighed higher losses from bad loans.