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Earnings Report

JPMorgan's profits rise 18 percent, helped by lower taxes

JPMorgan Chase says second-quarter profits rose by 18 percent from a year ago, as the bank continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law.

Citigroup 2Q earnings gain on lower taxes

Citigroup reported 2Q profit of $1.63 per share topping the estimate for $1.56 as lower taxes boosted the big bank's revenue, which offset the higher cost of credit.