JPMorgan posts record first quarter 2013 profits. Net income increased 33% (to $6,53 billion), or $1,59 per share, versus $4,92 billion ($1,19 per share) in the same period in 2012.
The result beat analysts' estimates for earnings per share of $1,39. The increase in profits is largely due to the increase in profitability in the home mortgage segment.
"We are seeing positive signs that the economy is healthy and strengthening," said chairman and chief executive Jamie Dimon, according to the statement. The institute has also announced that it intends raise the second quarter dividend to 38 cents per share.
