From Yahoo Finance: 2025-04-11 06:53:00

JPMorgan Chase exceeded first-quarter profit expectations with record equities trading and higher fees. CEO Jamie Dimon expressed caution due to potential global recession and trade tensions. Trump’s tariffs have caused economic uncertainty, affecting business optimism. Despite increased provisions for credit losses, the bank’s earnings rose to $5.07 per share. Trading revenue and investment banking fees also saw significant increases. U.S. consumer confidence hit a four-year low in March, driven by recession fears and tariff-related inflation concerns. Dimon warned of lasting negative effects from trade wars, potentially straining consumer financial health. Despite these risks, JPMorgan observed no distress signs among clients and maintained a positive outlook on net interest income. Management reassured investors amidst uncertainties, expressing confidence in the bank’s performance. Concerns about regulatory changes and market dislocations were also addressed by Dimon.

Read more: JPMorgan profit beats estimates on record stock trading, CEO sees economic turbulence