Merrill Lynch's profit jumps 31 percent (Reuters)

The headquarters of Merrill Lynch in a file photo. Merrill Lynch said on Tuesday second-quarter net earnings surged 31 percent on strong investment banking activity as well as trading credit and interest rate products. (File/Reuters)Reuters - Merrill Lynch & Co. Inc. said on Tuesday second-quarter net earnings surged 31 percent on strong investment banking results, helping the company shrug off concerns that subprime mortgage-related activities would be a spoiler.


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