JPMorgan defied a crisis of confidence in the banking business, posting a 52% increase in first-quarter profit and record revenue
Deposits at JPMorgan Chase surged from December to the end of March.JPMorgan Chase & Co. defied a, posting a 52% increase in first-quarter profit and record revenue.
The bank posted net income of $12.62 billion, or $4.10 per share, up from $8.28 billion, or $2.63 a share, a year ago. That beat the $3.41 per share expected by analysts, according to FactSet.
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