US investment bank JPMorgan Chase & Co. (JPM), on Wednesday, reported a lower profit for the first quarter, largely reflecting a net credit reserve build of $902 million versus a net credit reserve release of $5.2 billion in the prior year.
The company's Q1 net income was $8.28 billion or $2.63 per share compared to $14.3 billion or $4.50 per share last year.
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