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JP Morgan’s profit rises in second quarter

New York bank provides snapshot of a quarter that was likely characterised by a decline in trading and continued pressure on revenue

JP Morgan’s profit rises in second quarter

JP Morgan Chase & Co’s second-quarter profit increased 5.2% as the firm benefited from strong trends in lending and corporate deals but wrestled with increasing volatility in markets.

Shares edged up 1.2% premarket as earnings and revenue beat expectations.

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