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Chase triples second-quarter profits

JPMorgan Chase & Co., which operates more than 200 branches in Arizona, reported Wednesday that second-quarter profits more than tripled compared to 2005.

Weaker mortgage servicing performance was offset by gains in the investment banking sector, the New York-based bank announced.

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Arizona Real Estate Foreclosures Reach the Highest Level Since April 2005

Scottsdale, Arizona (PRWEB) August 2, 2006 -- According to Tim Rocho, CEO of the data provider and investment training company Real Estate Fortune (www.refortune.com), "NOTS filings (notices of trust sale start the legal foreclosure process) increased from 776 in June to 837 in July. This is the highest number since April of 2005." .

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