JPMorgan 1Q Profit Rises 11 Percent

April 14, 2015 11:24 AM

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JPMorgan Chase & Co. reported an 11 percent rise in first-quarter profit on Tuesday, helped by strong results in the bank's currency, commodities and fixed income business.

The largest U.S. bank by assets earned $5.45 billion after payments to its preferred shareholders. That compares to a profit of $4.89 billion a year earlier. On a per share basis, the bank earned $1.45, compared with $1.28 a year earlier.

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