Fri. Apr 19th, 2019

JP Morgan Chase raises its net profit by 5% in the first quarter

JP Morgan Chase raises its net profit by 5% in the first quarter



The US bank JP Morgan Chase, the largest in the world, obtained a net profit of 9,179 million dollars (8,114 million euros) in the first quarter of the year, 5% more than in the same period of 2018, reported this Friday the financial institution.

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Net interest income amounted to 14,600 million dollars (12,900 million euros), representing an increase of 8%.

The bank's revenues grew 5% compared to the first quarter of last year and amounted to 29,851 million dollars (26,392 million euros).

Provisions for possible failed loans stood at 1,500 million dollars (1,326 million euros), 330 million dollars (292 million euros) more than the previous year.

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