JPMorgan Profit Soars to Record After Bank Releases Reserves for Bad Loans

Wall Street Journal, Apr. 14, 2021–Orla McCaffrey (subscription)
JPMorgan Chase & Co. posted a nearly fivefold increase in quarterly profit, thanks to booming markets and an economic recovery that allowed it to free up $5.2 billion in funds that it had set aside to cover soured loans.