JPMorgan Chase & Co's first-quarter profit beat Wall Street estimates as higher interest income offset weakness in dealmaking, and the biggest U.S. lender remained resilient through the banking crisis in March.
first-quarter profit beat Wall Street estimates as higher interest income offset weakness in dealmaking, and the biggest U.S. lender remained resilient through the banking crisis in March.
"The U.S. economy continues to be on generally healthy footings — consumers are still spending and have strong balance sheets, and businesses are in good shape," Dimon said. JPMorgan set aside loan loss provisions of $2.3 billion, up 56% from last year. It reported a 52% increase in profit to $12.62 billion, or $4.10 per share, in the three months ended Mar. 31.
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