Earnings Roundup: JPMorgan Chase, Umpqua Holdings

Among the earnings stories for Thursday, April 16, from AP Financial News:

NEW YORK (AP) — JPMorgan Chase's first-quarter profit was not as good as last year's, but it told investors what they wanted to hear: Banking is not dead.

PORTLAND, Ore. (AP) — Regional bank Umpqua Holdings Corp. on Thursday reported a loss for the first quarter — falling short of Wall Street's estimates — as credit costs more than tripled.

ATLANTA (AP) — Genuine Parts Co., which makes automobile, industrial and other replacement parts, said Thursday its first-quarter profit dropped 28 percent, as weak economic conditions cut into sales at all of its divisions.

CINCINNATI (AP) — Meridian Biosciences Inc., which makes and markets diagnostic test kits, said Thursday its fiscal second-quarter profit remained flat on a mild flu season and weak market.

HOUSTON (AP) — Kinder Morgan Energy Partners LP, an energy transportation and storage company, said its first-quarter income slid 24 percent due to ongoing weak commodity prices and market conditions that lowered crude oil prices in its CO2 business, decreased transportation volumes in its products pipelines segment and drove down steel handling in its bulk terminals business.

GLENVIEW, Ill. (AP) — Illinois Tool Works Inc. posted a first-quarter loss Thursday, citing deterioration in its markets and accounting and tax charges.