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More on JPMorgan (JPM): Business loan originations +14%, mortgage originations +29%, credit card...
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Friday, July 13, 2012, 7:14 AM ETMore on JPMorgan (JPM): Business loan originations +14%, mortgage originations +29%, credit card volume +12%, commercial banking +16%. $2.1B pretax profit from reduced loan loss reserves (adding $0.33/share to profits vs. adding $0.28 last Q). The deterioration in the bank's credit spreads allowed the booking of a $800M DVA profit. Basel III Tier 1 capital ratio of 7.9%. Shares -1% premarket.
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