JPMorgan Exceeds Expectations in Q1 2025 Thanks to Strong Investment Banking and Stock Trading

Jamie Dimon, CEO of JPMorgan Chase (i), warned on Friday that the economy is facing "significant turbulence," even though his bank reported an increase in profits in the first quarter. He said: "We continue to believe that it is prudent to hold excess capital and sufficient liquidity in this environment ." The profit was recently increased, but provisions for loan defaults also grew The bank's profit rose by 9% compared to the same quarter last year, reaching $14.64 billion. Earnings per share were $5.07, surpassing analysts' expectations of...