JPMorgan Chase & Co. announced on Friday that its managed revenue in the first quarter of its fiscal 2025 reached $46 billion, jumping 8% year over year and beating expectations. In the reported trimester, on an annual basis, net income climbed 9% to $14.6 billion, while diluted earnings per share advanced 14% to $5.07.
"The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and "trade wars," ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility," CEO Jamie Dimon commented.
The company's stock added 3.58% in the premarket after the report was released to sell for $235.26 apiece.
