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  • JPMorgan Chase reported a surge in first-quarter earnings on Wednesday following hefty reserve releases in the recovering economy and a blowout performance in investment banking. Earnings came in at $14.3 billion at the big US bank, up about five times the level from the year-ago period. The result included $5.2 billion in releases of funds set aside earlier in the pandemic due to fears of bad loans. jmb/st
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  • JPMorgan Chase's 1Q earnings surge to $14.3 bn on reserve release
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