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. 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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