Duke: Morning read: Bloomberg barn burner on Dimon turbocharging JPM prop trading in light of the bank's scorching earnings.

Baseline Scenario: RT @mckonomy: How banks will make the #Volcker rule useless: #banks #Fed @anatadmati @baselinescenario

Erik Schatzker: There's an even bigger whale at JPMorgan, and his name is Achilles Macris $JPM

Sarah Butcher: Also: Achilles Macris, who runs the CIO at JPMorgan has a weird picture of an enormous missile on his wall.

Sarah Butcher: Last year, the CIO group (which includes Bruno Iksil) accounted for more than 25% of JPMorgan's net profit.

JPMorgan 1Q earings release: Profit falls 3%