JPMorgan reports higher first-quarter profits By D
Post# of 28526
Posted On: 04/12/2013 8:30:33 AM
JPMorgan reports higher first-quarter profits
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. ...
(0)
(0)
I test new features, including the new app!
Scroll down for more posts ▼