NEW YORK — The improving economy left its mark on JPMorgan Chase & Co.'s first-quarter earnings, as delinquencies continued to decline and the company had to set aside less money for bad loans.

The profit of the nation's second largest bank by market capitalization rose 55% from a year earlier, to $3.3 billion; the provision for credit losses for all loans JPMorgan manages shrunk 30%, to $7 billion, and helped results in several lines of business ranging from consumer to large corporate lending.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.