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JPMorgan Chase tops quarterly expectations as Dimon says U.S. economy faces ‘considerable turbulence’

  • JPMorgan Chase reported a net income of $14.6 billion in the first quarter, rising 9% and surpassing Wall Street's profit targets.
  • CEO Jamie Dimon warned that the U.S. Economy faces considerable turbulence due to ongoing trade wars and inflation concerns.
  • Dimon emphasized JPMorgan's strength to navigate recession risks, noting the bank's ample capital and liquidity.
  • The bank has set aside $3.3 billion to cover bad loans, reflecting cautious optimism amid economic uncertainties.
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Barron's broke the news in New York, United States on Thursday, April 10, 2025.
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