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Jamie Dimon, CEO of JPMorgan Chase, leaves the US Capitol after a meeting with members of the republican banking, housing and city affairs on a breeding on Thursday, February 13, 2025.
Tom Williams | CQ-Roll Call, Inc. | Gets the image
Jpmorgan chase Friday reported results This is headed by higher racks that help thriving activities.
That’s what the company said:
- Profit: 5.07 dollars per share
- Income: $ 46.01 billion against expected $ 44.11 billion, LSEG reports
The bank said the profit in the first quarter increased by 9% to $ 14.64 billion, or $ 5.07 per share. With the exception of a one -time profit of 16 cents per share related to the first acquisition of the republic, JPMorgan has earned $ 4.91 per share, compared to LSEG estimates of $ 4.61.
Revenue increased by 8% to $ 46.01 billion, which helped raise asset management and investment banking and high trade results. As with the competitor Morgan StanleyThe stock trade was an outstanding quarter, and the proceeds increased by 48% to $ 3.8 billion, leading the Streitaccount forecast by about $ 560 million.
The company’s shares increased by 4%.
While the CEO of JPMorgan Jamie Dimon In the quarter, he made the hard results of his company, he also recorded caution about a wider economy. The markets have been strongly taken over since the president Donald Trump Last week, it strengthened world trade tensions.
“The economy is facing considerable turbulence (including geopolitics), with potential positive tax reform and de -deregulation and potential negatives of tariffs and” trade wars “, renewal inflation, high fiscal deficiency, and are rather high prices for assets.”
“As always, we hope for the best, but prepare the company for a wide range of scripts,” he added.
It is expected that the lack of confidence in the business -public for many companies will start in the field for some investment banking activities, including IPO lists and merge tips.
But it is expected to also provide a good setting for trading tables on Wall -Street to print money.
Wells Fargo and Morgan Stanley They also come out with quarterly reports on Friday. Morgan Stanley similarly reported Increasing trade activities.
Goldman Sachs, Bank of America and Citigroup Report next week.
