Boosted by its investment banking and wealth management units, JPMorgan Chase & Co. reported stronger than expected first-quarter results. The New York-based company posted first-quarter earnings today of $3.33 billion, or 74 cents a share, a 55% increase from the year-ago period. JPMorgan Chase’s overall revenue rose 5% to $28.17 billion.
Both earnings per share and revenue bested expectations. Analysts polled by Thomson Reuters had expected earnings of 64 cents per share on $26.46 billion in revenue.