J.P. Morgan Chase (JPM) gains on hike in Q1 profits, revenues

J.P. Morgan Chase & Co.

shares hiked 1.7% to $63.15. The company reported a rise in first-quarter rise in profit and revenues that were better than Wall Street's estimates. Profits rose to $5.91 billion, or $1.45 a share, from a profit of $5.27 billion, or $1.28 a share during the same period last year. Share volume was 2.9 million, compared to an all-day average of 4.2 million