{"id":51343,"date":"2026-04-15T10:44:41","date_gmt":"2026-04-15T10:44:41","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=51343"},"modified":"2026-04-15T10:44:41","modified_gmt":"2026-04-15T10:44:41","slug":"wall-street-rakes-in-record-profits-but-jpmorgan-ceo-jamie-dimon-flags-risks","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=51343","title":{"rendered":"Wall Street rakes in record profits &#8212; but JPMorgan CEO Jamie Dimon flags risks"},"content":{"rendered":"<p><br \/>\n<br \/><\/p>\n<div>\n<p>America\u2019s biggest banks <a href=\"https:\/\/nypost.com\/2026\/03\/31\/business\/jpmorgan-ceo-jamie-dimon-has-a-blunt-message-for-wall-street-on-iran-war-jitters\/\">reported their strongest first-quarter profits in years<\/a>, driven by a surge in trading \u2014 but JPMorgan Chase CEO Jamie Dimon warned the US economy faces a growing list of global risks.<\/p>\n<p>JPMorgan Chase, the country\u2019s largest bank, said its trading desk racked up a record $11.6 billion as clients scrambled to buy and sell investments amid worries about wars, trade tensions and artificial intelligence shaking up industries.<\/p>\n<p>That trading business \u2014 essentially the fees banks pocket for helping customers trade stocks and bonds \u2014 jumped 20% from a year earlier. Investment banking fees, earned from advising on company mergers and helping firms raise money, surged 28% as dealmaking picked up.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>JPMorgan traders posted another record performance, but the bank\u2019s CEO Jamie Dimon warned of risks on the horizon. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The US financial giant said the American economy had stayed resilient, with steady consumer spending and business activity helping keep loan defaults low. Overall, the bank\u2019s profit rose 13% to $5.94 a share, beating analysts\u2019 forecasts. Total revenue climbed to $50.5 billion.<\/p>\n<p>Still, Dimon, who has led JPMorgan for two decades,\u00a0<a href=\"https:\/\/www.foxnews.com\/live-news\/jamie-dimon-jpmorgan-fox-and-friends-interview-03-31-26\" target=\"_blank\" rel=\"noreferrer noopener\">told \u201cFox &amp; Friends\u201d\u00a0<\/a>on Tuesday that investors will remain on edge until the Iran war is resolved.<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>\u201cLook, the markets are unpredictable and it\u2019s hard to for me to tell you exactly what,\u201d he said when asked about the economic impact of the conflict.<\/p>\n<p>\u201cBut I think they\u2019re just looking at, is there a chance something can go wrong now?\u201d the exec added.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter\"><figcaption>JPMorgan Chase CEO Jamie Dimon warned the outcome of the Iran conflict matters more than market swings.REUTERS <span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>On a call with analysts, the long-serving chief executive also noted there had been about looser lending standards in some corners of finance. <\/p>\n<p>\u201cThere\u2019s been some weakening in underwriting, and that\u2019s not just by private credit,\u201d the top banker warned, referring to loans made by non-bank lenders that operate with less government oversight.<\/p>\n<p>The strong results capped a banner start to earnings season for the biggest banks. Goldman Sachs posted record trading numbers the day before. <\/p>\n<p>Citigroup on Tuesday posted its highest quarterly revenue in a decade at $24.63 billion and saw profit jump 42%. Its trading revenue rose 19% to $7.2 billion, with the fixed-income desk, which focuses on bonds and interest-rate products, was up 13%.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Dimon cited wars in the Middle East and Ukraine as the one reasons for economic uncertainty goiong forward. <span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cWe\u2019ve entered into the final phase of our divestitures and 90% of our transformation programs are now at or near our target state,\u201d CEO Jane Fraser said.<\/p>\n<p>The most important point is that Citi showed strong top-line growth \u2026 even with restructuring,\u201d wrote Wells Fargo analyst Mike Mayo, who is bullish on the bank\u2019s performance.<\/p>\n<p>Wells Fargo\u2019s profit also rose, helped by higher trading gains from the same market swings. But its net interest income \u2014 the core profit banks make on the difference between deposit rates and loan rates \u2014 came in at a lower-than-expected $12.1 billion.<\/p>\n<p>The bank stuck with its full-year forecast of about $50 billion in that category. Shares slipped more than 5%.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Citi CEO Fraser pointed to the bank\u2019s strong results as evidence that her turnaround plan was working.  <span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Wells Fargo CEO Charlie Scharf said American households and businesses were holding up well despite economic turmoil worldwide. But he warned on confidence indicators and underlying balance-sheet trends that pointed to \u201crising stress for less affluent consumers,\u201d citing risks from higher energy prices.<\/p>\n<p>Bank of America analyst Ebrahim Poonawala said the US-Israeli strikes on Iran were the biggest risk facing American homeowners and firms alike.<\/p>\n<p>\u201cThe risk of a recession could rise if this war becomes something that creates an extended period of supply chain disruptions while oil goes even higher,\u201d he wrote in a note to clients.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2026\/04\/14\/business\/wall-street-rakes-in-record-profits-but-jpmorgan-ceo-jamie-dimon-flags-risks\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>America\u2019s biggest banks reported their strongest first-quarter profits in years, driven by a surge in trading \u2014 but JPMorgan Chase CEO Jamie Dimon warned the US&hellip;<\/p>\n","protected":false},"author":1,"featured_media":51344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-51343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/51343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51343"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/51343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/51344"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}