JPMorgan Chase today reported a 5.4% rise in quarterly profit, boosted by higher interest income and gains in the bank's advisory and debt underwriting business.
The largest US bank by assets said net income rose to $9.18 billion, or $2.65 per share, in the first quarter to the end of March, from $8.71 billion, or $2.37 per share, a year earlier.
Analysts had estimated earnings of $2.35 per share, according to IBES data from Refinitiv.
Wells Fargo, the fourth biggest US bank by assets, is expected to report quarterly results later in the day.
You must log in to post a comment.