JPMorgan Chase, one of Wall Street’s largest banks, has reported a surprise increase in quarterly earnings driven by strong trading and investment banking fees. The company’s revenue from trading climbed 21% year-over-year.
However, the bank’s CEO, Jamie Dimon, warned that credit risks remain amid market volatility. In an interview, Dimon stated that there is a 50% chance of a US recession this year, down from 60%.
Dimon also expressed concerns about economic turbulence ahead. Despite the surprise earnings beat, JPMorgan’s shares fell on the news.
The bank’s quarterly earnings report comes as investors and policymakers prepare for potential economic downturns. Dimon’s comments serve as a reminder that banks are still vulnerable to market fluctuations.
Source: https://www.reuters.com/business/finance/jpmorgans-profit-jumps-dealmaking-trading-boost-2025-04-11