Jamie Dimon, chief govt officer of JPMorgan Chase & Co., speaks throughout the 2025 Nationwide Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.
Al Drago | Bloomberg | Getty Photos
JPMorgan Chase reported first-quarter earnings earlier than the opening bell Friday.
Here is what the corporate reported in contrast with what Wall Road analysts surveyed by LSEG had been anticipating:
Earnings: $5.07 a share, could not examine with anticipated $4.61 a shareRevenue: $46.01 billion, vs. anticipated $44.11 billion
JPMorgan Chase would be the first main U.S. financial institution to report earnings for the latest quarter in a time of rising financial uncertainty.
Traders will wish to understand how shoppers, companies and companies are faring after President Donald Trump escalated world commerce tensions beginning April 2.
Jamie Dimon, the longtime JPMorgan chief, mentioned Wednesday that he thought aggressive tariff insurance policies would probably set off a recession. Trump on Wednesday lowered his proposed tariff charges on most international locations, besides China, for an preliminary interval of 90 days.
Whereas financial institution executives are positive to concentrate on the quarter, which ended earlier than Trump’s so-called “Liberation Day” announcement final week, financial institution shares have swung wildly on recession fears, making backward-looking discussions much less related.
The shortage of certainty within the enterprise setting for a lot of firms was anticipated to forged a pall over some funding banking actions, together with IPO listings and merger recommendation.
But it surely was additionally anticipated to supply an excellent setting for Wall Road buying and selling desks to print cash.
Wells Fargo and Morgan Stanley are additionally anticipated to report Friday, with Goldman Sachs, Financial institution of America and Citigroup coming subsequent week.
This story is creating. Please test again for updates.
