JPMorgan Chase& Co. reported first-quarter net income of $5.52 billion, or$1.35 per share, compared to $5.91 billion, or per share, in the year-agoquarter, according to a Form 8-K filed April 13.

Provision for credit losses was $1.82 billion, compared with$959 million in the prior-year quarter, predominantly due to reserve increasesin the current quarter versus reserve releases in the prior-year quarter. TheS&P Capital IQ consensus estimate for normalized EPS estimate for the firstquarter was $1.26.