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The results of JP Morgan Chase suprised the markets

JP Morgan Chase, which is the second largest bank in the U.S. in terms of assets, announced that profits for the first quarter is 55% higher compared to the same period last year. The positive financial result of the company amounted to 3.33 billion dollars or $ 74 per share from 2.14 billion dollars and 40 cents reported for the same period last year. Analysts had expected earnings per share amounted to 64 cents. JP Morgan remains one of the few financial institutions that were still profitable despite the financial crisis in the Remortgage Quotes. This is because the bank rely on income from fees rather than interest income. Last year the bank was the largest U.S. adviser to the issuance of share issues and debt indicate Bloomberg. After the data the company's shares rose to 47.30 dollars. from 45.87 dollars to close yesterday. By JP Morgan Chase indicated that their revenues for the quarter rose 11% to 27.7%, thus have surpassed the highest expectations of analysts.
The results of two other large U.S. banks - Bank of America and Citigroup will be published on 19 and 16 April. It is expected the crisis in Mortgage UK to hurt the European and US banks, which will reflect to their financial results.