From Investing.com: 2024-04-12 08:12:02

JPMorgan Chase & Co reported first-quarter earnings that exceeded expectations, with EPS of $4.63 and revenue of $42.5 billion, beating estimates. Despite this, the stock fell by 2% due to lower-than-expected NII guidance. Expenses rose to $22.8 billion, affected by a $725 million FDIC special assessment increase. Credit costs totaled $1.9 billion. NII was $23.1 billion, below the estimated $89 billion for the year. CEO Jamie Dimon emphasized strong performance across divisions and readiness for economic challenges. The bank aims for growth, maintaining high capital reserves, and driving economic growth through lending and capital raising efforts.



Read more at Investing.com: JPMorgan beats in Q1 but shares slide on NII guidance By Investing.com