JPMorgan Reports 9% Rise in Q1 Profits, CEO Warns of Economic Uncertainty

JPMorgan Chase reported a strong first quarter for 2025, with net income rising 9% to $14.6 billion, or $5.07 per share, exceeding Wall Street expectations. The bank's total revenue grew to $45.3 billion, fueled by a record 48% surge in equities trading revenue amid market volatility linked to geopolitical tensions and trade policy uncertainties. Despite these positive results, CEO Jamie Dimon warned of considerable economic turbulence, including risks from escalating trade wars and persistent inflation, leading to an increase in provisions for credit losses to $3.3 billion. The strong performance was also reflected in a 2% rise in stock price following the earnings announcement. Analysts remain optimistic, rating JPMorgan with an