Jamie Dimon, CEO of JPMorgan Chase, leaves the Capitol of the United States after a meeting with Republican members of the Banking, Housing and Urban Affairs of the Senate on the issue of debate on Thursday, February 13, 2025.
Tom Williams | Call Call Call, Inc. | Getty images
JPMorgan Chase On Friday, he reported results that exceeded estimates of the highest income than expected, helped by the booming capital trade.
This is what the company reported:
- Earnings: $ 5.07 per share
- Revenue: $ 46.01 billion compared to the expected $ 44.11 billion, according to LSE
The bank said the first quarter gain increased 9% to $ 14.64 billion, or $ 5.07 per share. Excluding a unique gain or 16 cents per share linked to its first acquisition of the Republic, Jpmorgan won $ 4.91 per share, compared to the estimation of LSEG of $ 4.61.
Income increased 8% to $ 46.01 billion, helped by higher asset management and investment banking rates and strong commercial results. As with the rival Morgan Stanley, Equity Trading was the highlight of the quarter, with the income that increased 48% to $ 3.8 billion, exceeding the prognosis of the street account by approximately $ 560 million.
The company’s shares increased 4%.
While the JPMorgan CEO, Jamie Dimon, promoted his company’s solid results in the quarter, Hey also had a precautionary note in the economy in general. The markets have Whipsa Wedly since President Donald Trump intensified global commercial tensions last week.
“The economy faces considerable turbulence (including geopolitics), with the possible positive aspects of tax reform and deregulation and the possible negatives of rates and ‘commercial wars’, not accessible sticky inflation, high fiscal deficits and still said.
“As always, we expect the best, but we prepare the company for a wide range of scenarios,” he added.
It was expected that the lack of certainty in the business environment for many companies threw some investment banking activities, including OPI listings and merger advice.
But it was also expected to provide a good atmosphere for Wall Street trade desks to print money.
Wells Fargo and Morgan Stanley They are also out of the quarterly reports report on Friday. Morgan Stanley reported in a similar way that commercial activity increased.
Goldman Sachs, Bank of America and Citigroup Report next week.