Overview

• JPMorgan Chase reported Q1 earnings per share of $5.07 on revenue of $45.31 billion, exceeding analyst expectations of $4.64 EPS and $43.55 billion in revenue.
• CEO Jamie Dimon highlighted the risks of escalating U.S.-China trade tensions and tariffs, warning they could slow economic growth and increase recession risks.
• The bank's trading and consumer banking segments performed strongly, benefiting from market volatility, though investment banking activities like IPOs and mergers slowed.
• Wells Fargo also reported higher Q1 earnings, with CEO Charlie Scharf calling for a timely resolution to trade policy uncertainties to stabilize the economic outlook.
• Analysts continue to revise forecasts for major banks as economic uncertainty, inflation, and fiscal deficits weigh on market projections and investor sentiment.