Better than expected JP Morgan Chase

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Better than expected JP Morgan Chase's net profit amounted meritorious service medal to 2.37 billion dollars. This equates to $ 0.68 per. share, the expected $ 0.65 per share. The result from the same period last year is halved. In the first quarter of last year, the bank had a profit 4.79 billion and $ 1.23 per share.
- We expect that economic conditions will continue to be weak and that the capital markets will be under pressure. These factors have affected, and are likely to affect our credit, volumes and earnings of the year, and maybe longer. However, we are prepared meritorious service medal to get through this downturn, given our strong liquidity, credit reserves, capital and operating margins to position the company for the future, says Dimon.
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