JPMorgan posts record profits, puts 'London Whale' fiasco behind it

Home is where the profit is. Mortgage lending drove bank giants JPMorgan Chase and Wells Fargo to record quarterly profits as an improved housing market and government stimulus spurred a wave of mortgage refinancing...... JPMorgan’s third-quarter profit rose 34 percent to $5.7 billion — an all-time record for the bank. Per-share earnings were $1.40 a share, outstripping most analysts estimates by 20 cents. Revenue rose 6 percent to $25.9 billion…..................................................................................................................... More? Turn to http://www.nypost.com/p/news/business/jpmorgan_turns_in_record_profit_RGM4YAmmXaDfmkkBmH9nyL