Revenue at JPMorgan Chase surged to a record high in the first quarter, as rising interest rates boosted its consumer business and the biggest US lender remained resilient through the banking crisis.
Shares of JPMorgan rose 6 percent in premarket trading on Friday, after the bank said profits jumped 52 percent to $12.62 billion for the three months ended March 31.
‘The US economy continues to be on generally healthy footings —consumers are still spending and have strong balance sheets, and businesses are in good shape,’ CEO Jaime Dimon said in a letter to investors.
h/t Not Neo
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