JPMorgan Chase reports record revenue | CNN Business

JPMorgan Chase\n \n on Friday reported first-quarter profit and revenue that roundly beat expectations. The New York-based bank posted a profit of $12.6 billion or $4.10 per share. That’s up from $8.3 billion, or $2.63 per share from the same period a year before, or 52%. Analysts expected earnings of $3.41 per share, according to Refinitiv. The company also guided net interest income to be about $81 billion in 2023, up $7 billion from its previous estimate. With $3.

“I wouldn’t use the word[s] ‘credit crunch,’” he said in response to a question about whether he was worried that lending would tighten in the bank after the collapse of Silicon Valley Bank and Signature Bank. “I just look at it as a kind of a thumb on the scale. It just makes the financing conditions a little bit tighter and increases the odds of a recession.” Still, companies should still brace for the possibility that interest rates remain higher for longer than expected, he said.

With the ridiculously high interest rates, courtesy of the Biden administration.

'Biden's economy' = banks and weapons manufacturers making a ton of cash.

Did anyone even notice what interest rate you pay on your credit card ? Do you even find it on your statement ? Their their profit !

Look what they charge for loans and credit card APR to customers. Then look at how much they pay for a savings or checking account APR. Then you’ll know why their profit was $12.6B

But they deserve $30 Billion. Let’s bail them out ASAP!

50% is overdrafts fines

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Well thank god they’re doing so well

Now shore up your investments so that you don’t have to force taxpayers to bail you out later.

Davidlaz That profit is from money that they allowed to be unlawfully, unauthorized wires and taken out of their customers accounts and refused to give back. It’s been going on for years and they still are asking for your account number and debit card information.

Good for them!

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