'Economy Is Facing Considerable Turbulence:' JPMorgan Chase CEO Jamie Dimon Cautions About 'Negatives Of Tariffs And Trade Wars'
1. JPM's FY24 Q1 revenue rose 8% year-on-year to $45.3 billion. 2. Net interest income increased 1% to $23.4 billion amid economic turbulence. 3. Noninterest revenue grew 17% year-on-year, driven mainly by higher asset management fees. 4. Credit losses provision of $3.3 billion increased by 75% year-on-year. 5. JPM plans for FY25 net interest income of ~$94.5 billion.