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 NEW YORK (AP) - JPMorgan Chase & Co., the nation's third biggest banking company, reported Wednesday that strength in investment banking, including record trading revenue, contributed to a 78 percent increase in third-quarter profits.
Meanwhile, Bank of America Corp., the nation's No. 2 bank by assets, said its earnings for the third quarter rose 10 percent, driven by double-digit revenue growth across all business segments.
Third quarter results have been strong for the major money center banks, in large part because of much improved investment banking activity.
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