JP MORGAN SECOND QUARTER PROFITS SKY HIGH – JP Morgan Chase’s second-quarter profits jumped an astounding 18% in comparison with the previous year. This comes as President Trump’s tax law is allowing JP Morgan to benefit from higher interest rates and a lower tax bill. Jamie Dimon, CEO, said in a statement “We see good global economic growth, particularly in the US, where consumer and business sentiment is high.” In the first quarter of 2017 JPM earned $7.03bn, or $1.82 a share, in the first quarter of this year the bank earned $8.32bn, or $2.29 a share. According to records, JP Morgan’s total revenue was $28.39bn, up from $26.67bn the previous year. #SpartanInternational