JPMorgan Chase have reported record first-quarter profit and revenue that exceeded analysts’ expectations.
JPMorgan Chase reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from the Federal Reserve’s December rate hike.
JPMorgan, the biggest U.S. bank by assets, is the first major lender to report earnings. The company is closely watched by investors looking for signs of how the industry’s Main Street and Wall Street businesses did in the period. At JPMorgan, analysts are watching to see if it can resume its pattern of exceeding analysts’ profit expectations. In the fourth quarter, the bank under delivered for the first time in more than 15 straight quarters.
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