JPMorgan 2Q profit rises 4 percent, beats estimates

July 15, 2015 12:09 AM

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NEW YORK (AP) — JPMorgan Chase & Co. says its second-quarter profit rose 4 percent from a year earlier, helped by lower legal expenses and growth in its consumer banking division.

The largest U.S. bank by assets earned $5.78 billion after payments to preferred shareholders. That compares to a profit of $5.57 billion a year earlier. On a per share basis, the bank earned $1.54, compared with $1.46 a year earlier.

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