JPMorgan Chase earnings rise, upbeat on US economy
World BusinessApr 12, 2019
JPMorgan Chase reported higher first-quarter profits Friday, pointing to a still-solid US economy reflected in more lending and better profit margins on loans.Earnings at the biggest US bank by assets were $9.2 billion, up 5.4 percent from the year-ago period.Revenues were $29.9 billion, up 4.7 percent.Shares rose following the results, which topped analyst expectations.A strong performance in the consumer and community banking division -- the biggest segment by revenues -- was the driver of hig