April 13, 2018 / 10:57 AM / 7 months ago

JPMorgan profit jumps 35 percent

April 13 (Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 35 percent surge in quarterly profit on Friday, helped by higher interest rates for loans and lower taxes.

The bank's net income rose to $8.71 billion, or $2.37 per share, in the first quarter ended March 31 from $6.45 billion, or $1.65 per share, a year earlier. (bit.ly/2HyYbp9)

Analysts had estimated earnings of $2.28 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable. (Reporting by Sweta Singh in Bengaluru and David Henry in New York; Editing by Saumyadeb Chakrabarty)

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