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Testing Board TEST
Posted On: 04/12/2013 8:30:33 AM
Post# of 28539
Posted By: testdemo
JPMorgan reports higher first-quarter profits

Commuters are reflected in stone as they walk past the JP Morgan headquarters in New York By David Henry and Dan Wilchins NEW YORK (Reuters) - JPMorgan Chase & Co posted higher first-quarter profits on Friday as the biggest U.S. bank recovered from the "London Whale" trading losses that cut into its earnings last year. Net income rose to $6.53 billion, or $1.59 a share, from $4.92 billion, or $1.19 a share, a year earlier. The year-ago results had been reduced by 12 cents a share due to losses from the London Whale credit derivatives trades. Results for both periods included other special items. ...



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