By The Associated Press

(AP) - FORMAL RESTATEMENT: JPMorgan Chase & Co. revised its first-quarter financial results to show a lower profit, after deciding that traders at its main investment arm had overstated the value of certain derivatives.

THE DETAILS: On a per share basis, the results came to $1.19, versus the $1.31 originally reported.

REGULATORS FORCE MORE: JPMorgan's regulators, the Federal Reserve and the Office of the Comptroller of the Currency, told the bank to restate a measure of financial strength for the first and second quarters. The bank revised those lower to reflect the higher level of risk at the firm.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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