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JPMorgan Finds Goldilocks Moment in First-Quarter Volatility

  • Record stock-trading revenue lifts investment bank division
  • Quarterly profit jumps 35% as corporate tax cuts take hold
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Bloomberg Intelligence’s Alison Williams analyzes JPMorgan’s first-quarter earnings that beat estimates.(Source: Bloomberg)
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For JPMorgan Chase & Co., last quarter’s volatility appears to have been just right.

Revenue and profit for the first three months of 2018 rose to all-time highs, the bank said Friday, spurred by record results from stock trading. Revenue jumped at nine of the bank’s 11 largest business lines, according to a statement.