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Parts of Jpmorgan Chase Rose Friday after the largest bank of the country’s estimates past the Wall Street estimates. JPMorgan reported the first quarter earned each share of $ 5.07 in revenue at $ 45.31 billion.
Jamie Dimon, Jpmorgan Chase’s Chairman and CEO, also warned Friday About prospects for the US Economy, which he said was facing “considerable turbulence (including the potential positives of tax reform and” trade wars, ” Ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility. As always, we hope for the best but preparing the company for a wide scenario, “he said.
The jitters about the economy and the Trump administration tariffs caused the parts of many banks to slide last week. JPMorgan’s stock falls about 7% since April 2 but Friday the stock jumped over 3% to $ 234.10.
JPMorgan Chase is one of the first banks to report results in the first quarter. Wells Fargo and Morgan Stanley Q1 results are also reported on Friday.
This story originally shown Fortune.com
