JPMorgan loses its profit 2016-04-15 09:54:17

The US largest bank has disclosed its financial data for the 1st quarter of the current year. The company's net profit fell by almost 7%. But despite the negative results, the amount of profit exceeded analysts' forecasts. JPMorgan policy was aimed at increasing loans in the consumer business area, which had a positive impact on the company's performance. It’s also worth noting, that the volume of the bank's net interest income increased by $723 million, which allowed it to maintain the leading position in the industry.

The JPMorgan shares have already risen by 1.29% and continue to grow. Traders have a great chance to earn money on the asset’s further increase. Trading will be available during the American session, from 14:40 to 21:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.