JPMorgan profit jumps in first quarter

First Citizens Bancshares (Tennessee)

14/04/2023 11:52

April 14 (Reuters) - JPMorgan Chase & Co's  JPM.N 
profit climbed in the first quarter as higher interest rates
boosted its consumer business in a period that saw two of the
biggest banking failures in U.S. history.
    The bank's profit increased 52% to $12.62 billion, or $4.10
per share, in the three months ended Mar. 31, compared with
$8.28 billion, or $2.63 per share, a year ago.

 (Reporting by Niket Nishant in Bengaluru and Nupur Anand in New
York; Editing by Lananh Nguyen)
 ((Niket.Nishant@thomsonreuters.com;))