JP Morgan (JMP) profit jumps on lower loan losses

Posted by uspost Business, Finance Wednesday, October 13th, 2010

The bank’s mortgage and credit losses have eased this year as the economy has improved. But its loan book is not growing, raising questions about where future profit growth will come from. JP Morgan shares climbed slightly in premarket trading after the second-largest U.S. bank by assets reported third-quarter net income of $4.4 billion, or [...]