Jamie Dimon, CEO of JPMorgan Chase, leaves the American Capitol after a meeting with Republican members of the Senate Bank, Housing and Urban Affairs on the issue of Debanking on Thursday 13 February 2025.
Tom Williams | CQ-Roll Call, Inc. | Getty images
JPMorgan Chase reported on Friday result That estimates at the top of higher than expected income, helped by a flourishing of stock trading.
This is what the company has reported:
- Income: $ 5.07 per share
- Gain: $ 46.01 billion versus expected $ 44.11 billion, according to LSEG
The bank said that the profit of the first quarter increased by 9% to $ 14.64 billion, or $ 5.07 per share. Excluding a one-off profit of 16 cents per share linked to his first takeover of the Republic, JPMorgan earned $ 4.91 per share compared to the LSEG estimate of $ 4.61.
Turnover increased by 8% to $ 46.01 billion, helped by higher asset management and investment bank costs and strong trade results. As with rival Morgan Stanley, trade in shares was the quarter of the quarter, with a turnover that rose 48% to $ 3.8 billion, at the top of the Street account prediction of about $ 560 million.
Shares of the company rose by 4%.
While JPMorgan CEO Jamie Dimon praised the solid results of his company in the quarter, he also hit caution on the wider economy. Markets have been violent since President Donald Trump escalated worldwide trade tensions last week.
“The economy is confronted with considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of rates and ‘trade wars’, continuous sticky inflation, high tax shortages and still fairly high asset prices and volatility.
“As always, we hope for the best, but we prepare the company for a wide range of scenarios,” he added.
The lack of certainty in the business environment for many companies was expected to release a pall about a few activities of investment banking, including IPO mentionings and merger advice.
But it was also expected that it would offer a good environment for trade agencies in Wall Street to print money.
Wells Fargo And Morgan Stanley Are also free with reports from every three -month reports on Friday. Morgan Stanley reported rising trading activities in the same way.
Goldman Sachs, Bank of America And Citigroup Report next week.