India, April 11 -- JPMorgan Chase & Co. (JPM) reported Friday higher profit and revenues in its first quarter, both above market estimates, along with increased assets under management.
In the pre-market activity on the NYSE, the shares were gaining around 3 percent to trade at $234.00.
In the quarter, net income grew 9 percent to $14.64 billion from last year's $13.42 billion. Earnings per share increased 14 percent to $5.07 from $4.44 last year.
The Wall Street analysts on average expected the company to report earnings of $4.64 per share. Analysts' estimates typically exclude special items.
Net revenue grew 8 percent to $45.31 billion from last year's $41.93 billion. On a managed basis, revenues increased 8 percent to $46.01 billion ...