JP Morgan Chase & Co said quarterly profit rocketed to $3.6 billion topping Wall Street expectation as stock underwriting and bond trading revenue surged.
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The second largest US Bank said its dividend could rise early next year. But chief financial officer Mike Cavangh also sounded notes of caution on a call with journalists saying the company needs to see more signs of economic stabilization before it sets aside less money to cover loan losses. Its share rose 4.4% in premaker trading to $47.65.
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