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JPMorgan Q1 Profit Soars, Results Top Estimates NEW YORK CITY (dpa-AFX) - US investment bank JPMorgan Chase & Co. (JPM) reported Wednesday a profit for the first quarter that soared five-fold from last year, driven by primarily by credit reserve releases compared to last year s credit reserve builds. Both earnings per share and revenues for the quarter topped analysts expectations. JPMorgan Chase earned $14.3 billion in net income reflecting strong underlying performance across our businesses, partially driven by a rapidly improving economy, said Jamie Dimon, Chairman and CEO. Net income for the quarter soared to $14.30 billion or $4.50 per share from last year s $2.87 billion or $0.78 per share in the prior-year quarter.

Jamie dimonFirm foundationThomson reutersJpmorgan chase coInvestment bankingBusiness bankingJp morganநிறுவனம் அடித்தளம்தாம்சன் ராய்ட்டர்ஸ்ஜுப்ம்ொர்கண் துரத்து இணைமுதலீடு வங்கிவணிக வங்கிஜ்ப் மோர்கன்