JPMorgan Chase Reports First-Quarter 2011 Net Income

null | Apr 13, 2011

April 13, 2011

JPMorgan Chase Reports First-Quarter 2011 Net Income of $5.6 Billion, or $1.28 per Share, on Revenue¹ of $25.8 Billion

JPMorgan Chase & Co. (NYSE: JPM) today reported first-quarter 2011 net income of $5.6 billion, compared with net income of $3.3 billion in the first quarter of 2010. Earnings per share were $1.28, compared with $0.74 in the first quarter of 2010.

Jamie Dimon, Chairman and Chief Executive Officer, commented on the quarter: "The Firm’s results reflected a strong quarter across the Investment Bank and solid performance from Card Services, Commercial Banking, Treasury & Securities Services, and Asset Management. These results partially benefited from improved credit trends in our credit card and wholesale businesses."

¹ Presented on a managed basis. For notes on managed basis and other non-GAAP measures, see page 13 of the press release.

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