New York – JPMorgan’s net income increased 9% to $ 14.6 billion in the first quarter and the New York Bank exceeded Wall Street’s profit and income objectives, but its executive director warned about global economic uncertainties ahead Due to the current trade war of President Donald Trump and other geopolitical tensions.
The CEO Jamie Dimon said that a solid performance of the bank’s market division helped take it to another strong quarter, but added commercial tensions to its list of possible negatives that face the bank and the economy in general.
JPMorgan’s profits increased to $ 5.07 per share of $ 4.44 a year ago. The result exceeded the display projections of Wall Street of $ 4.63 per share, according to the FACTSET data firm. Total managed income reached $ 46 billion, compared to $ 41.9 billion a year ago. Wall Street expected income of $ 44 billion.
Trump’s Herky-Jerky’s rate increases – Currently it increased 10% for most American business partners and 145% for China – have sent financial markets to vertiginous fluctuations for weeks and created a huge amount of uncertainty about where the global economy is directed. That is bad for banks, which prosper in stability and healthy consumers and companies that borrow money.
JPMorgan’s negotiating table prospered in the first three months of 2025, helped by market volatility, even before Trump launched its huge tariffs on the “Liberation Day” on April 2.
Bank market revenues increased 21% in the period, with income from shares that increased by 48% for a year.
Regarding China, which further increased their import tariffs from the US. Up to 125%, JPMorgan executives said it was too early to make long -term projections or statements on the impact of the current commercial war on their business there.
“We really have to see how things develop,” said Financial Director Jeremy Barnum. “In the short term, that business is working well and we are not seeing any effect.”
JPMorgan booked $ 3.3 billion to cover uncollectible loans, compared to $ 1.9 billion a year ago, while repurcharging $ 7 billion in common shares and increases its dividend to 12%.
JPMorgan’s shares increased 2.4% in the market prior to the market.
The Morgan Stanley investment bank also defeated the projections of the first quarter of Wall Street. The New York Bank also cited a solid performance of its Variable Income Trade Division, helping to increase its net income to $ 4.3 billion and income to a record of $ 17.7 billion. His actions rose a little more than 1% before the bell.
Wells Fargo also reported early Friday, with the Bank of San Francisco registering a net income of the first quarter of $ 4.89 billion, or $ 1.39 per share. That exceeded the prognosis of analysts for profits of $ 1.23 per share.
In a statement, the CEO Charles Scharf said: “We support the disposition of the administration to analyze the barriers for fair trade for the United States, although there are certainly risks associated with such significant actions,” and added that the bank is “prepared for a slower economic environment in 2025”.
Wells shares increased 1.7% in the negotiation prior to the market.
