by Wed, 14 Apr 2010 13:48:00 +0200
JPMorgan announces larger-than-expected Q1 profits ahead of US opening bell
FXstreet.com (Barcelona) - JPMorgan Chase's highly anticipated first quarter earnings report did not disappoint, showing the firm had raised 3.3 billion dollars in the first quarter. The earnings are a 55% increase since last year. The news sent shares upward of 1.9% pre-market.
This earning report was the biggest of the day. However more macro-economic news is to come from Washington including releases on consumer prices and retail sales for March. Moreover, investors will be able to cage the overall economic environment after the FED's Beige Book release showing regional economic conditions and Ben Bernanke's testimony in front of Congress.
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