The bank said the first large U.S. bank announces second quarter results that its profits totaled $ 5.4 billion, or $ 1.27 per share. Analysts had expected earnings to reach $ 1.21 a share, on average, according to a survey by Thomson Reuters service I / B / E / S.
The profit in the same period last year, $ 4.8 billion, or $ 1.09 per share.
Chief Executive Jamie Dimon, the bank said the mortgage costs fell slightly.
He added, "Unfortunately, we will need some time to resolve these issues is likely to pay a extra expenses."
Following the announcement of results the Bank's shares rose two percent in trading before the opening
Source: NEW YORK (Reuters)
