US EditionJPMorgan profit rises as volatile markets drive trading division
Net income rose to $16.5 billion, while markets revenue climbed 20% and investment-banking fees increased 28%, Dealogic data showed.
- JPMorgan Chase reported first-quarter net income of $16.5 billion, up from $14.6 billion a year earlier, as its trading division benefited from heightened market volatility across global markets.
- Market volatility typically lifts trading businesses as clients rebalance portfolios and hedge risks, JPMorgan CEO Jamie Dimon said, citing complex risks including the Iran war that rattled global financial markets.
- Investment banking fees rose 28% in the first quarter, with the Firm advising on Amazon's $37 billion bond offering, a $33.4 billion AES take-private deal, and the $880 million PayPay IPO.
- Shares of the Bank rose 1% in premarket trading following results, as U.S. investment banks expressed expectations for a strong year driven by potential mega listings of AI and space companies.
- Though cautious forecasts on mergers and acquisitions activity persist, companies show healthy appetite for deals, reinforcing why the Firm prepares for a wide range of future environments.
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U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining more than 50 points on Tuesday. Shares of JPMorgan Chase & Co. (NYSE:JPM) fell in pre-market trading following first-quarter results. JPMorgan Chase reported quarterly earnings of $5.94 per share which beat the analyst consensus estimate of $5.45 per share. The company reported quarterly sales of $50.536 billion which beat the analyst consensus estimate of $49.169 bi…
JPMorgan profit beats estimates on record trading haul
JPMorgan Chase posted a better-than-expected 13% jump in first-quarter profit today as volatile markets lifted trading revenue to a record and dealmaking improved, even as CEO Jamie Dimon warned of mounting global economic risks.
JPMorgan Traders Blow Past Expectations With Biggest-Ever Haul
JPMorgan Chase & Co.’s traders posted their highest-ever quarterly revenue in the first three months of the year, with record stock-trading results boosting the total past the firm’s previous record by almost $2 billion.
JPMorgan Chase Sees Profit Surge Amid Market Volatility | Science-Environment
JPMorgan Chase reported increased first-quarter earnings due to gains from global market volatility. The bank's net income rose to $16.5 billion, or $5.94 per share, for the quarter ending March 31, compared to $14.6 billion, or $5.07 per share, during the same period the previous year.
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