Strength in credit cards and commercial banking
Sale follows merger of Chase and Bank One
Trading results disappointing, firm says
J.P. Morgan Chase & Co. recorded much higher third-quarter net income, driven by record trading revenues, the bank said today.The bank said quarterly profit was US$2.5 billion, compared with net income of US$1.4 billion for the third quarter of 2004. Current period results include US$221 million (pre-tax) of merger charges, reflecting the merger with Bank […]
J.P. Morgan Chase & Co. announced today that Jamie Dimon will become CEO of the U.S. bank at year end.Dimon, 49, currently president and COO, will succeed chairman and CEO William Harrison Jr., 62, as CEO. Harrison will continue as chairman of the board. The bank says that the change will take place about six […]