Web Sify
Follow us on
Mail
Print

JPMorgan reports higher first-quarter profits

Source : REUTERS
Last Updated: Fri, Apr 12, 2013 12:20 hrs
Commuters are reflected in stone as they walk past the JP Morgan headquarters in New York

JPMorgan Chase & Co posted an increase in first-quarter profits on Friday as the biggest U.S. bank benefited from lower expenses.

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 costs from its "London Whale" derivatives trades. Results for both periods included other special items.


More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify finance