JPMorgan reports 6% rise in 1Q profits as bank earnings season begins. Wells Fargo pr

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JPMorgan Chase reported a modest 6% rise in first quarter profits on Friday, as the major banks start reporting their quarter results for the first quarter. JPMorgan, the nation's largest bank, earned a profit of $13.42 billion, or $4.44 a share, compared to a profit of $12.62 billion, or $4.10 a share, in the same period a year earlier. JPMorgan's results were impacted by a $725 million one-time charge to the Federal Deposit Insurance Corporation.