JP Morgan's profits beat expectations

US banking giant JP Morgan Chase today posted first-quarter profits of $2.1bn (€1.6bn), adding to hopes that the sector’s worst storms are behind it.

JP Morgan's profits beat expectations
Thu, 16 Apr, 2009 - 17:06

US banking giant JP Morgan Chase today posted first-quarter profits of $2.1bn (€1.6bn), adding to hopes that the sector’s worst storms are behind it.

The profits from the firm – regarded as one of the US’s strongest banks – were 10% below the same period last year but still beat expectations on Wall Street.

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