JPMorgan First-Quarter Profit Rises 12% on Bond-Trading Rebound

April 14, 2015 11:08 AM

64 0

JPMorgan Chase & Co., the biggest U.S. bank, said first-quarter profit climbed 12 percent on rising revenue from fixed-income trading.

Net income increased to $5.91 billion, or $1.45 a share, from $5.27 billion, or $1.28, a year earlier, according to a statement Tuesday from New York-based JPMorgan. Thirty-one analysts surveyed by Bloomberg estimated per-share earnings of $1.41.

Also read: Yankees add Brandon Drury, Diamondbacks get Steven Souza in 3-team trade with Rays

Read more

To category page