UNITED STATES (OBSERVATORY) – The net profit of the largest bank in the US in terms of assets JPMorgan Chase & Co. in the I quarter increased to $ 8.71 billion, or up to $ 2.37 per share.
For the same period last year, the profit was $ 6.45 billion, or $ 1.65 per share, according to the bank’s statements.
At the same time, the bank’s revenue increased 10% from $ 25.85 billion to $ 28.52 billion.
Factors surveyed by FactSet forecast earnings of $ 2.28 per share and revenues of $ 24.75 billion.
Revenues of JPMorgan’s corporate investment division increased 9% to $ 10.48 billion in January-March compared to the same period last year, profit increased by 25% to $ 3.97 billion.
Net interest income JPMorgan in January-March increased by 9% compared to the same period last year, reaching $ 13.5 billion.
Sales of the retail division (CCB) increased by 15% to $ 12.6 billion , its profit jumped 1.5 times to $ 3.33 billion. Income of the mortgage business practices have not changed and amounted to $ 1.51 billion.
The bank’s asset management division reported revenue growth of 7% in the first quarter compared to the same period last year to $ 3.51 billion, profit doubled to $ 770 million.
The volume of assets under management increased from $ 1.81 trillion to $ 2.016 trillion .