JPMorgan Profit Jumps 9% and Tops Wall Street Estimates
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JPMorgan Chase, the largest U.S. bank by assets, reported first-quarter net income of $14.6 billion, up 9% from a year prior and topping Wall Street’s expectations of $13.15 billion. Per-share earnings were $5.07, beating the $4.63 that Wall Street analysts polled by FactSet had forecast. A year ago, the New York-based lender reported net income of $13.4 billion, or per-share earnings of $4.44, on revenue of $41.9 billion.
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