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JPMorgan Chase, Wells Fargo, and Citigroup are among the major banks reporting earnings, with JPMorgan's CEO Jamie Dimon warning of inflationary pressures. JPMorgan's profits rose 6% in Q1, beating expectations, but net interest income outlook missed, leading to a 4.2% stock drop.
"One of the reasons that the stock fell after the earnings came out is some of the statements that were around it," IG North America CEO @TheJJKinahan says on $JPM. Jamie Dimon said they "had to prepare for a lot of outcomes. That's not something you normally hear." https://t.co/vkLgWxzjR9
JPMORGAN SHARES FALL 4.2% AT THE OPEN, MOST SINCE MARCH 2023
*JPMORGAN SHARES FALL 4.2% AT THE OPEN, MOST SINCE MARCH 2023