Jimmy Damon, CEO of JPMorgan Chase & Co. During the 2025 National Retirement Summit in Washington, the United States, on Wednesday, March 12, 2025.
The Drago family Bloomberg Gety pictures
Jpmorgan Chase It was mentioned on Friday results This estimated estimated revenue from expected, with the help of the prosperity of stock trading activity.
This is what the company mentioned:
- Profits: 5.07 dollars per share, may not be compared with an estimate
- Revenue: 46.01 billion dollars for $ 44.11 billion expected
The company said that the profit of the first quarter increased by 9 % to 14.64 billion dollars, or $ 5.07 per share, while the company’s revenues increased by 8 % to 46.01 billion dollars.
While Jimmy Damon, CEO of JPMorgan, was martyred with strong results in trading and banking services for consumers and wealth management, and he was cautious about the broader economy. The markets have fallen violently since President Donald Trump has escalated global trade tensions last week.
“The economy faces a major turmoil (including political geography), with potential positives of tax reform, abolishing regulatory restrictions, potential negatives of definitions,” commercial wars “, constant sticky inflation, high financial deficit, and somewhat high asset prices,” said Damon.
“As is always the case, we hope for the best, but I 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 on some investment banking activities, including public subscription lists and integration advice.
But it was also expected to provide a good environment for Wall Street to print money.
Wales Vargo and Morgan Stanley It is also expected to reach Friday, with Goldman Sachs, Bank of America and Citigroup Next week.
This story is developing. Please check again for updates.
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