Shares of JPMorgan Chase & Co. (JPM) are rising more than 7% Friday morning after reporting better-than-expected first-quarter results.
Profit in the first quarter increased more than 50% to $12.62 billion or $4.10 per share from $8.28 billion or $2.63 per share in the same quarter a year ago. Analysts on average polled by Thomson-Reuters were expecting earnings of 3.41 per share.
Quarterly revenue grew 25% to $38.35 billion from last year's $30.72 billion. The consensus estimate was for $36.23 billion.
Net interest income rose 49% year-on-year to $20.8 billion. Provision for for credit losses was $2.28 billion, up 56% from the previous year.
JPM is at $138.50 currently. It has traded in the range of $101.28-$144.34 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.