JPMorgan's Q1 Earnings Top on High Rates, Loans & IB - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)

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JPMorgan's Q1 Earnings Top on High Rates, Loans & IB - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)

High interest rates, the First Republic Bank deal, improvement in investment banking (IB) business and solid loan balance drove JPMorgan's (NYSE: JPM) first-quarter 2024 adjusted earnings to $4.63 per share. The bottom line handily surpassed the Zacks Consensus Estimate of $4.18. The results excluded a $725 million or 19 cents per share increase in the FDIC special assessment charges. After including it, earnings were $4.44 per share. The compan…