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JPMorgan just set the bar for the rest of Wall Street

Portia CroweApr 13, 2016, 17:23 IST

Scott Gries/Invision/AP

JPMorgan reported first-quarter earnings on Wednesday that weren't as bad as expected, and it sets the bar for the rest of Wall Street.

The firm announced earnings per share of $1.35 ($1.24 expected) on revenue of $24.08 billion ($23.80 billion expected).

A solid beat - and it comes after a quarter that was expected to be disastrous.

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