UPDATE 2-JPMorgan profit rises as fixed-income trading rebounds

April 14, 2015 12:10 PM

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April 14 (Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected rise in quarterly profit on Tuesday as revenue from fixed-income trading rebounded.

Trading picked up early in the quarter after the Swiss National Bank shocked currency markets by scrapping a three-year-old cap on the Swiss franc without warning, causing the currency to soar against the euro.

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