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JPMorgan posts 7% increase in earnings

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JPMorgan Chase & Co. reported a 7 percent quarterly earnings increase to $6.7 billion from $6.3 billion a year earlier.

Earnings per share rose to $1.76 from $1.58 a year earlier. Analysts expected $1.65 per share.

The company cited loan growth gains and higher interest rates that offset a slump in trading revenue.

Read more from Reuters.

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