JPMorgan Sees 19% Decline in First Quarter and Rite Aid Soars to New Yearly High

JPMorgan Chase & Co. (NYSE: JPM) has revealed net income of $5.3 billion in the first quarter of 2014. This is a 19% decline compared to the $6.5 billion reported in the first quarter of last year. In addition its earnings per share also fell 19%, from $1.59 in the first quarter of 2013 to $1.28 in the most recent quarter. CEO Jamie Dimon said, "there were industrywide headwinds in Markets and Mortgage," and suggested the bank "had a good start to the year." JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four