JPMorgan Chase & Co. Q1 Income Drops, misses estimates

JPMorgan Chase & Co. (JPM) released a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $8.28 billion, or $2.63 per share. This compares with $14.30 billion, or $4.50 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.8% to $30.72 billion from $32.27 billion last year.

JPMorgan Chase & Co. earnings at a glance (GAAP) :

-Earnings (Q1): $8.28 Bln. vs. $14.30 Bln. last year.
-EPS (Q1): $2.63 vs. $4.50 last year.
-Analyst Estimates: $2.69
-Revenue (Q1): $30.72 Bln vs. $32.27 Bln last year.

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