$ 5.9 billion came from JPMorgan Chase. Are you happy now, Dzheymi Daymon?

Executive
Director of JPMorgan Chase Dzhemi Dimon can not
Now anything to complain about. His bank only
that the reported results for the first
quarter - figures out much
better than expected. quarterly profit
estimated at nearly $ 6 billion. Shares of JPMorgan Chase
(This is the first of the major banks, who told
their results), have grown more
than 2.16% on Tuesday.

Bank reported
a profit of $ 5.9 billion - is for $ 1.45 per share.
The Wall Street forecasts figured
the sum of $ 1.40 per share. Income was JPMorgan Chase
$ 24.8 million, which is also higher than projected
$ 24.5 billion. The bank's profit increased by 12%
compared to the previous year, while revenue
It increased by 4%. JPMorgan Chase reports
strong growth of their investment
business, asset management and
mortgage lending divisions.

Dimon said
in a statement that the bank "It is becoming
safer and stronger and is gaining
greater market share".

Despite
good news for the first quarter,
JPMorgan Chase and other big banks have been
difficult time, especially due to currency
wars and legislative changes. entered
some new rules that make
banks to take fewer risks and
reduce the amount of capital that
they hold. All the major banks in the country
It is also now subject to the passage of the annual
stress test by the Federal Reserve
system.

Dimon said
In January, the bank was "under attack"
regulators. And he wrote last week in his annual letter to
Bank shareholders that he is concerned
the fact that there was too many new
rules that can complicate the job
banks and reduce response time
to the financial crisis. There is another
obstacle without giving work quietly
bank JPMorgan Chase - he is one of the
several banks that are suspected
Department of Justice in the possible
currency manipulation in its trading
enterprises. During the telephone
conference call with reporters chief
CFO of JPMorgan Chase Marianna
Lake said that the bank is actively involved
in discussions with the Ministry of Justice
and hopes to resolve the matter within
a few weeks.

Close
Banks also have to deal with
low interest rates that
It complicates the possibility of getting the most
profit from their lending operations.

soon other
participants in the banking market will report
of their income in the first quarter. Bank
of America will release its report on Wednesday and
Citigroup and Goldman Sachs - on Thursday.

Strong
reports from JPMorgan raised US
shares up. Dow Jones has added
49 points.