- JPMorgan Chase reports first-quarter profit of $6.5 billion or $1.59 a share.
- Net revenue came in at $25.8 billion
- The consensus estimate among analysts was EPS of $1.39 on revenues of $25.86 billion.
JPMorgan Chase agrees to settle its claims against failed bank Washington Mutual's receivership for $645 million. The deal resolves questions about $6 billion of liabilities in a mortgage-backed securities suit.
It was a year ago this week that a flash crash sent ETFs into uncharted territory.
Keefe Bruyette analysts say although JPMorgan (JPM) sought a multi-billion dollar settlement, the multi-million dollar settlement is still a positive for the company.