Jamie Dimon, CEO of JPMorgan Chase, is leaving the US Capitol after a meeting with Republica members of the Committee on Bank, Living and City Affairs of the Senate, on Thursday, February 13, 2025, the question of the Debank's Debank.
Tom Williams | CQ-Roll Call, Inc. | Getty pictures
JPmorgan Chase On Friday, the results were carried out by the expected sales with a higher than expected income from booming stock trading activity.
The company reported the following:
- Income: $ 5.07 per share
- Revenue: 46.01 billion US dollars expected $ 44.11 billion, according to LSEG
The bank said that the profit rose 9% in the first quarter to $ 14.64 billion or $ 5.07 per share. With the exception of a one-off profit of 16 cents per share, which was associated with its first republic acquisition, JPMorgan received $ 4.91 per share compared to the LSEG estimate of $ 4.61.
Sales rose 8% to $ 46.01 billion, which was supported by higher fees for asset management and investment banking as well as the strong trading results. As with the rival Morgan Stanley, stock trade was the outstanding quarter, whereby sales rose by 48% to 3.8 billion US dollars and the forecast of the StreetCCOUNT prognosis exceeded by about 560 million US dollars.
The company's shares rose by 4%.
While JPMorgan CEO Jamie Dimon announced the solid results of his company in the quarter, he also cited the wider economy. The markets have been played violently since President Donald Trump escalated global trade voltages last week.
“The economy is confronted with considerable turbulence (including geopolitics) with the potential positive reforms and deregulations as well as the potential negatives of tariffs and” trade wars “, the continuing sticky inflation, high tax deficits and still rather high wealth prices and volatility,” said Dimon.
“As always, we hope for the best, but prepare the company for a variety of scenarios,” he added.
The lack of security in the business environment for many companies is expected to have some activities for investment banking, including IPO listings and merger advice.
However, Wall Street Trading desk tables offer a good environment to print money.
Wells Fargo And Morgan Stanley are also out with Quarterly Reports Reports on Friday. Morgan Stanley reported in a similar way to exceeding trade activity.
Goldman Sachs, Bank of America And Citigroup Report next week.