JPM: JPMorgan Stock Jumps as Wall Street Lender Swings to $14.6 Billion Quarterly Profit
1 min read
Key points:
- JPMorgan crushes Q1 earnings
- EPS hits $5.07 vs. $4.63 expected
- Jamie Dimon waves the red flags
Investment banking giant posted impressive earnings figures with net income rising a solid 9% from a year ago.
🔥 Earnings Blow Past Expectations
- JPMorgan stock
JPM was trading higher by about 3% on Friday, mid-session, after the Wall Street heavy hitter posted better-than-expected earnings figures. For the first quarter, JPMorgan pulled in net income of $14.6 billion, up 9% from a year ago and ahead of Wall Street’s forecast of $13.5 billion. - JPMorgan, led by the longest-standing bank CEO Jamie Dimon, picked up revenue of $45.3 billion, overshooting the $43.9 billion expected by analysts. Earnings per share came in at $5.07, smashing expectations of $4.63.
🔍 What’s Fueling the Beat?
- What’s driving it? CEO Jamie Dimon credited strong consumer activity, solid credit performance, and resilient trading revenues. In other words: a fortress balance sheet and a diversified business model still work. But then again, in true Dimon fashion, he flagged some things, too.
- “As always, we hope for the best but prepare the Firm for a wide range of scenarios,” Dimon said in his letter to shareholders as he proceeded to strike a note of caution.
⚠️ Dimon’s Warning Signs
- “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,” Dimon said.
- Some more figures before we wrap it up: JPMorgan’s net interest income (NII) — the money it makes from the difference between what it earns on loans and what it pays out on deposits — came in at a hefty $23.4 billion for the quarter.
- Shares of JPMorgan were showing a 3.5% loss on the year, but it’s not too bad when you compare it to the broader market where the S&P 500 is swimming in correction territory, down 10% so far in 2025, even after its absolutely wild Wednesday session.