J. P. Morgan & Co., the nation's fifth-largest bank holding company, said Wednesday that its first-quarter profit jumped 42.1% from a year ago.
The improvement resulted mainly from an 89.3% increase in non-interest operating income.
The New York-based parent of Morgan Guaranty Trust said its net income for the three months ended March 31 came to $233.9 million, compared to $164.6 million in the same period last year.
