JPMorgan Chase reported higher-than-expected earnings and revenue, driven by strong equity trading performance. The bank’s profit rose in the first quarter, boosted in part by its acquisition of First Republic. CEO Jamie Dimon highlighted strong quarterly results but warned of economic uncertainty amid market volatility triggered by Trump’s escalation of global trade tensions. Dimon said the economy is navigating turbulence from geopolitical risks, trade tensions, inflation, and high deficits, and emphasized that JPMorgan is preparing for multiple potential outcomes.
