JPMorgan (JPM): Q1 EPS of $1.31 beats by $0.16. Revenue of $27.4B (+6% Y/Y) beats by $3B. Shares +0.6% premarket
JPMorgan (JPM): Records a $0.28 boost to earnings from reduced loan loss reserves and a $0.17 boost from the WAMU settlement. Records a $0.39 charge for mortgage litigation reserves and a $0.14 charge for DVA (the world got better in Q1). Reports Basel I Tier 1 capital ratio of 10.4%, Basel III Tier 1 of 8.4%. Earnings conference call at 8:30 ET
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