JPMorgan Chase profits rise with mortgage surge

Published October 12, 2012

| Reuters

JPMorgan Chase & Co reported higher third-quarter profits as the largest U.S. bank made more home mortgage loans.

Net income was $5.71 billion, or $1.40 a share, compared with $4.26 billion, or $1.02 a share, a year earlier, according to a statement from the company on Friday. Results for both periods included special items.

(Reporting by David Henry in New York; editing by John Wallace)

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