J.P. Morgan Reports Earnings Rose in First Quarter

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J.P. Morgan Reports Earnings Rose in First Quarter
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J.P. Morgan, the nation’s largest bank by assets, said profit rose as the first major lender gave its first-quarter results

JPMorgan Chase & Co. on Friday said its profit rose 5% and topped expectations on the strength of its consumer bank. The nation’s largest bank by assets reported a profit of $9.18 billion, or $2.65 a share.

Revenue rose to $29.12 billion from $27.91 billion a year ago.
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