J.P. Morgan Chase's global wealth management businesses delivered a strong third-quarter performance, according to the bank's financial results released Friday.
Global wealth management, which includes both J.P. Morgan Private Bank and J.P. Morgan Securities, generated $1.5 billion in third-quarter revenue, up a significant 10% year-over-year and up 2% from the previous quarter. For the first six months of 2016, the two businesses brought in $4.5 billion in revenue, up 3% from the same period in 2015.
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