JPMorgan starts earnings season by announcing profit surge

JPMorgan Chase announced a 33% increase in first-quarter profit to $6.5 billion. "All our businesses had strong performance, and our client franchises did exceptionally well," CEO Jamie Dimon said in a statement. The first quarter was the 12th consecutive profitable quarter for JPMorgan. Wells Fargo also reported its quarterly results, including a 1.7% decline in revenue.

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