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JPMorgan Beats Estimates on Strong Trading, Fatter Loan Margins

  • Net interest margin climbs 11 basis points, more than expected
  • Fixed-income trading revenue increases 17% to $4.22 billion
Bloomberg business news

JPMorgan Beats Earnings Estimates

Corrected

JPMorgan Chase & Co. posted first-quarter earnings that beat analysts’ estimates, fueled by better-than-expected trading results and lending margins.

Markets improved in March, helping the biggest U.S. bank post a 17 percent gain in fixed-income trading revenue to $4.22 billion and a surprise increase in equity trading, which rose 2 percent to $1.61 billion, the New York-based firm said Thursday in a statement. Trading revenue rose for a fourth straight quarter, the longest streak in at least a decade.