Finance Latest News: JPMorgan Reports 31% Rise in Quarterly Profit

Now watching

Next video starts in : 7 Play

Finance Latest News: JPMorgan Reports 31% Rise in Quarterly Profit

Finance Latest News: JPMorgan Reports 31% Rise in Quarterly Profit
Replay video
Up next

Is This the Most Excited ‘Price Is Right’ Contestant Ever? Find Out on ‘This Week in Game Shows’

Unlock your personal NFL Now stream by signing in to NFL.com

Finance Latest News: JPMorgan Reports 31% Rise in Quarterly Profit

by Wochit 1:02 mins

Finance Latest News: JPMorgan Reports 31% Rise in Quarterly Profit

by Wochit 1:02 mins

JPMorgan Chase reported a 31% rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another 'London Whale' derivatives loss. At least three shareholders who collectively hold nearly 3 percent of Dell Inc shares plan to vote against Michael Dell's $24.4 billion buyout offer, raising questions about proxy adviser Institutional Shareholder Services' sway with the PC maker's shareholders. In an email to Reuters, an ISS spokesperson defended supporting the deal. "ISS' role is to analyze the deal and make a recommendation that we see as being in the best interest of shareholders. That's what we've done," the email said. "At the end of the day however, as with any proxy vote, shareholders will make their own decisions based on their own circumstances," she said. Investors in funds based in the U.S. have poured $11.84 billion into stock funds, the most since late January, data from Thomson Reuters Lipper service shows. The renewed appetite for stock funds comes as stocks rose on strong U.S. jobs data and optimism heading into the corporate earnings season.

Must Watch

Must Watch

  1. 1:52

    Is This the Most Excited ‘Price Is Right’ Contestant Ever? Find Out on ‘This Week in Game Shows’

  2. Perpetual Groove - Perpetual Groove LIVE Concert

  3. 26:11

    Community Episode 12: Wedding Videography

  4. 3:59

    Kelly Clarkson - Invincible

  5. 0:58

    MVP’s daugher is outrageously adorable

  6. 2:03

    Could Terminator's T-1000 Exist In Real Life?

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless