JPMorgan Chase Earnings Released

Profits sank at JPMorgan Chase.

The bank reported earnings of $5.3-billion in the first three months of the year.

That's down sharply from the same time period last year.

The bank's profits were hurt in the quarter by a slowdown in mortgages and bond trading.

But CEO Jamie Dimon remains optimistic.

In a news release, Dimon said the bank has "growing confidence in the economy."

JPMorgan chase is the nation's largest bank by assets.

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