JPMorgan Chase follows banking rivals to higher-than-expected profit

Filed under: Company News , Earnings JPMorgan Chase ( JPM ), the biggest U.S. bank, followed rivals Goldman Sachs ( GS ) and Wells Fargo ( WFC ) in reporting first-quarter profit that exceeded analysts’ expectations this morning. Net income was $2.1 billion, or 40 cents per share, a decline of $232

million, or 10 percent from the same period last year. Analysts had been expecting a 32-cents-per-share profit. JPMorgan Chase follows banking rivals to higher-than-expected profit originally appeared on Daily Finance on Thu, 16 Apr 2009 07:15:00 EST. Money.Finance|Finance|Finance

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JPMorgan Chase follows banking rivals to higher-than-expected profit