JPMorgan Posts Record Revenue and 52 Percent Profit Jump

JPMorgan Posts Record Revenue and 52 Percent Profit Jump
The logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York on Aug. 16, 2019. Richard Drew/AP Photo
Bryan Jung
Updated:
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JPMorgan Chase posted record profits and an overall boost in revenue in the first quarter, in the face of recent turmoil in the banking sector last month.

The better than expected April 14 earnings report beat most analysts’ estimates for the quarter, as depositors placed their money into the larger banks in the wake of the industry’s crisis.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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