JPMorgan Chase (JPM.US) announced that, benefiting from strong revenue in fixed income and investment banking businesses, its net profit for 1QYY increased 13% YoY to USD16.49 billion, with EPS of USD5.94, above market expectations of USD5.45. The bank lowered its full-year net interest income guidance to reflect market uncertainties.Total revenue for the quarter rose 10% to USD50.54 billion, also beating expectations of USD49.17 billion. Among them, fixed income trading revenue increased 21% to USD7.08 billion, while investment banking fees rose 28% to USD2.88 billion, both exceeding forecasts.Related NewsAnthropic Reportedly Plans to Release Mythos AI Model to UK Financial Institutions Within a WeekChairman and CEO Jamie Dimon said market risks are becoming increasingly complex, including geopolitical and trade uncertainties. As a result, the bank lowered its full-year net interest income forecast to approximately USD103 billion from the previous USD104.5 billion. (sw/m)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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