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JP Morgan shares surge after record quarterly profits

April 12, 2019

Via: NBC News

JPMorgan Chase reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from the Federal Reserve’s December rate hike.

“We had record revenue and net income, strong performance across each of our major businesses and a more constructive environment,” Chief Executive Officer Jamie Dimon said in a statement. “Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong.”

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