Earnings roundup: JPMorgan Chase, BlackRock

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NEW YORK (AP) JPMorgan Chase & Co.'s profit fell 50 percent in the first quarter after the bank took a provision of $5.1 billion to strengthen its reserves by $2.5 billion and account for $2.6 billion in losses in its loan portfolio.

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NEW YORK (AP) BlackRock Inc.'s first-quarter earnings rose 24 percent but fell short of Wall Street expectations as performance-based fees languished amid market turmoil, the financial services firm said Wednesday.

NEW YORK (AP) Beijing-based New Oriental Education and Technology Group Inc., a provider of private educational services in China, said Wednesday that third-quarter earnings grew 38 percent as enrollment and deferred revenue jumped.

ROCKFORD, Mich. (AP) Footwear maker Wolverine World Wide Inc. said Wednesday its first-quarter profit climbed 6 percent, helped by global distribution efforts and higher sales from its outdoor shoe division and international businesses.

PASADENA, Calif. (AP) East West Bancorp Inc. said its first-quarter profit slid 88 percent, weighed down by a hefty loan loss provision.

JERSEY CITY, N.J. (AP) Knight Capital Group Inc. said Wednesday its first-quarter profit edged up 2 percent, helped by strong results from its global markets business.