We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Release relief

15 July 2010 By Antony Currie

Releasing some unneeded buffers against loan losses accounted for almost a third of the bank’s secondquarter net income. That’s encouraging. But business was sluggish, with preprovision earnings falling 9 pct. Absent reserve releases, JPMorgan would have had an anemic quarter.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)