JPMorgan Q2 Profit Jumps 36%; Beats Forecasts


JPMorgan Chase said record investment banking fees helped drive a 36 percent rise in quarterly profit, topping Wall Street forecasts, but warned that credit quality in consumer mortgages and credit cards is deteriorating faster than it expected.

Jeffery Harte, of Sandler O'Neill, shares his analysis of JPMorgan's results on CNBC.

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