JPMorgan Chase & Co.

JP Morgan beats Street 2Q forecasts

NEW YORK (AP) _ JPMorgan Chase & Co. (JPM) on Friday reported second-quarter earnings of $7.03 billion.

The bank, based in New York, said it had earnings of $1.82 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The biggest U.S. bank by assets posted revenue of $28.91 billion in the period. Its adjusted revenue was $25.47 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $24.84 billion.

JP Morgan shares have risen almost 8 percent since the beginning of the year, while the Standard & Poor's 500...