JPM 1Q beats Street, earnings up 12% over yr ago

April 14, 2015 11:42 AM

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JP Morgan kicked of bank earnings seasons with a bang, reporting strong sales and earnings growth despite the drag of persistently low interest rates.

The New York bank reported net income for the first quarter of $5.9 billion, or $1.45 a share, up 12% over this time last year.

Also read: GM posts best 3Q results since exiting bankruptcy

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