JPMorgan Chase Q1 Earnings Blow Past Estimates After Huge Reserve Release

JPMorgan Chase (NYSE: JPM) reported first-quarter earnings this morning that blew past analysts' estimates after the bank released billions from its previously built-up reserves.

America's largest bank by assets reported a profit of $14.3 billion, or $4.50 in earnings per diluted share, on total revenue of nearly $32.3 billion. The street had only expected JPMorgan on average to report $3.10 in EPS on total revenue of roughly $30.5 billion.

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Source Fool.com