JP Morgan (JMP) profit jumps on lower loan losses

Posted by 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 [...]

Bank of Montreal (BMO) 2Q Net Doubles On Lower Loan Losses

Posted by Finance Wednesday, May 26th, 2010

TORONTO (Dow Jones)–Bank of Montreal (BMO) opened Canada’s bank earnings season with unexpectedly strong results from higher trading revenue, consumer lending and lower loan losses. Net income for the quarter ended April 30 rose to C$745 million or C$1.26 a share, from C$358 million or 61 Canadian cents a year earlier. Adjusted profit was C$1.28 [...]

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