Assets, the country's largest bank, jp Morgan, said its first-quarter profit surged, although income fell slightly.
Bank $610 million in the first quarter of this year, after stripping out, preferred stock shareholders. This is 34% increase from the same period a year ago, when it is $4.6 billion.
Based on each share, to $1.59. Blow from FactSet, who has been looking forward to analyst estimates of $1.39.
Revenue was $25.8 billion, after stripping out the effect of accounting. At $257 billion, beating analysts' estimates, down 3% from the same period a year ago, as it is.
Shares fell 1% in pre-market trading, closing 51 cents, at $48.80,.



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