JPMorgan Chase Q1 earnings rise 9% to $41.9bn, but CEO Jamie Dimon warns of economic challenges.
JPMorgan Chase, the largest US bank, reported strong Q1 earnings, with a 9% rise in revenue to $41.9bn and a 6% increase in net income to $13.4bn. However, CEO Jamie Dimon warned of potential economic challenges, including high interest rates, budget deficits, and inflation. Despite the positive results, the banks highlighted the uncertainty surrounding their operations due to macroeconomic, geopolitical, structural, and regulatory challenges.
April 12, 2024
41 Articles