WASHINGTON (AP) — JPMorgan’s second-quarter profit fell to $14.2 billion in second quarter, but the New York bank beat Wall Street expectations. CEO Jamie Dimon touted another strong performance by the bank, particularly its markets division, where revenue rose $8.9 billion. JPMorgan earned $4.96 per share, adjusted for one-time items, beating the $4.48 that analysts were forecasting, but down from last year’s $6.12 per share. Total managed revenue hit $45.7 billion, also beating expectations but below last year’s $51 billion. Wall Street was expecting revenue just under $44 billion.
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