Revenues jumped in the first quarter as higher interest rates boosted the bank’s consumer business JPMorgan Chase reported first-quarter revenue this week that beat analysts’ expectations thanks to a nearly 50% surge in net interest income amid higher interest rates. The Wall Street bank posted a profit of $12.6 billion, or $4.10 per share, in the first three months of the year, up from $8.3 billion, or $2.63 per share, from the same period a year ago, a gain of 52%. Revenue surged 25% companywide to $39.34 billion, driven by a sharp rise in net interest income due to the US Federal Reserve’s most aggressive rate-
Hence then, the article about jpmorgan posts record profits was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( JPMorgan posts record profits )