JPM Stock Falls as CEO Jamie Dimon Sounds Alarm Bells on Inflation
JPMJP MORGAN CHASE(JPM) InvestorPlace·2024-04-12 21:41

An inflation warning from JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon sent JPM stock down despite an earnings beat. For the first quarter, the bank reported net income of 13.4billion,13.4 billion, 4.44 per share, on revenue of 41.9billion.Analystshadexpectedearningsof41.9 billion. Analysts had expected earnings of 4.17 per share. JPM stock opened this morning at about 188pershare,anditsmarketcapitalizationisabout188 per share, and its market capitalization is about 544 billion. Dimon in the Rough Net interest income, the profit made from lending money, rose 11% from a year ago to $23.2 billion. But ...