JPMorgan Q1 Profit Up 67 percent

JPMorgan (JPM) kicked off bank earnings season on Wednesday, reporting Q1 profit of $5.6 billion, even as problems in its mortgage lending business continued to mount. The bank’s profit of $5.6 billion, or $1.28 a share, handily exceeded analysts’ consensus estimate of $1.16. A year ago, the company earned $3.3 billion, or 74 cents a share. – The NYT

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