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US bank profits jump as execs see consumers surviving oil spike so far

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JPMorgan Chase chairman and CEO Jamie Dimon, shown here at January's World Economic Forum, said he does not view private credit deterioration as a systemic risk to the economy

JPMorgan Chase chairman and CEO Jamie Dimon, shown here at January's World Economic Forum, said he does not view private credit deterioration as a systemic risk to the economy

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite higher oil prices from the Middle East war.

JPMorgan Chase notched gains across leading consumer and investment bank categories.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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