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JPMorgan Profit Jumps on Reserve Release

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JPMorgan Profit Jumps on Reserve Release

JPMorgan Chase & Co . Chief Executive Jamie Dimon says the economy is healthy and expects it to stay that way.

The head of the nation’s biggest bank, which posted higher profit on Wednesday, said people and businesses alike are showing signs they are eager to spend and borrow. Global supply-chain bottlenecks and rising inflation are temporary setbacks, bank executives said. And large corporations remain eager to strike more deals, they said.

Source: WSJ


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