JPMorgan Chase reported a first-quarter profit increase of 9%, reaching $14.64 billion, or $5.07 per share. After adjusting for a one-time gain of 16 cents per share from the First Republic acquisition, earnings were $4.91 per share, surpassing the LSEG estimate of $4.61. The bank’s revenue grew by 8% to $46.01 billion, driven by robust asset management, investment banking fees, and trading results. Notably, equity trading revenue soared by 48% to $3.8 billion, exceeding the StreetAccount forecast by approximately $560 million. Despite these strong financial performances, CEO Jamie Dimon expressed concerns about economic turbulence due to various factors including geopolitics, tariffs, inflation, fiscal deficits, and market volatility.
trendwhizo
@trendwhizo
·
2h $JPM earnings call.
man – they are crushing it at JPMorgan.CCB – consumer:Consumer lending was up yoy – albeit on a small base!wealth management assets up due to market performance (yes this is for 3/31).Cards up tooNet underwriting fees up 16% due to refinancing.
Lord Farquaad
@lorrdfarquaadd
·
7m This is HUGE
Banks only increase this when they see financial trouble coming
JPM with conjunction of Goldman Sachs and Morgan Stanley are the prime brokers of the hedge funds Citadel, Virtu, Apollo, etc
They allow the hedgies to go into risky derivatives and hide their positions
John Huang
@zzjohnh
·
12h JPM CDS also spiking, they transferred $347 billion in debt securities from AFS to HTM over three years up to 2023, aiming to inflate capital by avoiding unrealized losses.Somebody knows something?
Leon
@ContraryTrader
·
12h You guys may think I’m tripping but I’m telling you, this market ain’t built for the naive! While JPM was giving every stock a BUY RATING and upgrade their CEO jamie dimon unloaded 250million worth of shares at the top of the market back in Feb.
امیری
@myry1079246
·
1h This is truly insane:On February 20, JP Morgan CEO Jamie Dimon sold $234 million worth of $JPM stock.On February 22, Warren Buffett disclosed a record $334 BILLION cash balance.30 trading days later, the Nasdaq 100 crashed -24%.How did they know?(a thread) ..
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