JP Morgan Chase 1Q13 earnings rose by 33% to a record 6.53 mld.USD
Total revenue declined banks in Q1 down by 4% to 25.1 mld.USD. Revenue consumer division, including mortgages and checking accounts declined by 6% to 11.6 mld.USD. Profit was decreased by 12% to 2.59 mld.USD.
JP Morgan in 1Q provide mortgages totaling 482 mld.USD, representing an annual growth of 29%, which was mainly supported by a further decline in mortgage rates.
Revenue Divisions investment and corporate banking grew by 9% to 10.1 mld.USD. Profit of these divisions was mainly due to the revaluation of its obligations.
Revenue Division of fixed income and securities trading declined by 5.4% to 6.09 mld.USD.
Wells Fargo profit in 1Q13 grew to a record 5.17 ..
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