NEW YORK city: Bolstered by lower costs and a strong performance in consumer lending, JPMorgan Chase reported higher earnings on Thursday (Friday in Manila) and offered a generally upbeat appraisal of the US economy.
The biggest US bank by assets reported fourth-quarter earnings of $5.4 billion, up 10.2 percent from the year-ago period, lifting annual profits to $24.4 billion, a 12.5 percent increase from 2014.
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