JPMorgan Chase’s 4Q profits jump 21%, helped by trading
NEW YORK — Banking giant JPMorgan Chase & Co. is reporting that its fourth-quarter profits jumped 21% from a year earlier, as the bank’s trading desks had a blowout quarter, which offset the impact of declining interest rates. The New York-based bank earned a profit of $8.52 billion, or $2.57 per share. That’s up from