MW JPMorgan Chase's profit powers past analyst estimates, stock rises
JPMorgan Chase & Co.'s stock $(JPM)$ rose 3.8% in premarket trading Friday after the bank said its first-quarter profit rose to $14.64 billion or $5.07 a share, from $13.42 billion, or $4.44 a share in the year-ago quarter. The U.S.'s largest bank beat the FactSet Consensus estimate of $4.63 for its first-quarter profit. First-quarter revenue rose to $45.3 billion from $41.93 billion in the year-ago quarter, and beat the analyst estimate of $43.99 billion. JPMorgan Chase's stock has fallen 5.3% in 2025, as of Thursday's closing bell. the S&P 500 is down 10.4% this year, while the Dow Jones Industrial Average is off by 6.9%.
-Steve Gelsi
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(END) Dow Jones Newswires
April 11, 2025 06:54 ET (10:54 GMT)
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