JP Morgan reports Q-1 2009 net income of $2.1 bln, or 40 cents a share

JP Morgan has reported Q-1 2009 net income of $2.1 bln, or 40 cents a share, beating analysts estimates around 32 cents a share.

The results have done little to help sterling. Cable wallows around 1.4885, not far from its session low of 1.4872. Technical supports 1.4870 and 1.4850.