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JPMorgan Chase announced a rise in first-quarter profits largely due to its trading division benefiting from the volatility in global markets.
JPMorgan Chase's first-quarter net income rose to $16.5 billion, up from $14.6 billion.
KEY POINTS
- The trading division's revenue increased 20% due to heightened global market volatility.
- Investment banking fees grew 28% year-over-year, surpassing global competitors' performance.
- JPMorgan participated in major deals, including Amazon's $37 billion and AES's $33.4 billion offerings.
COMPANIES
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