JPMorgan Chase & Co’s profit climbed in the first quarter as higher interest rates boosted its consumer business and the biggest U.S. lender remained resilient through the banking crisis in March. The lender’s solid performance in the quarter underscores how big banks – with diversified businesses and trillions of dollars in assets – have withstood the crisis in part because they were required by regulators to hold more capital after the 2008 mortgage crisis.
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