JPMorgan Chase Earns $2.7 Billion

Wall Street got another pleasant surprise this morning, when JPMorgan Chase reported a second-quarter profit of $2.7 billion, an increase of 36 percent from the same period last year. That's right. The nation's largest bank (by market capitalization) posted a profit, leading some to see this as a strong sign that the battered banking industry, and the U.S. economy as a whole, might finally be on the road to recovery. Today's earnings report, which exceeded analyst expectations, comes two days... Full Story