JPMorgan Chase & Co. kicked off the Q1 2025 earnings season with its first-quarter earnings report. The bank announced earnings per share (EPS) of $5.07, surpassing the estimated $4.61, and revenue of $45.3 billion, exceeding the expected $44.1 billion. CEO Jamie Dimon provided insights during the earnings call, expressing caution about the U.S. economy. He noted that companies might withdraw their earnings guidance due to ongoing economic uncertainty. Dimon also commented on the cautious approach of clients, with a pullback in deal-making across various market segments. The bank's stock traders achieved a record revenue of $3.81 billion, marking a 48% increase from the previous quarter, driven by market chaos. This performance was highlighted by JPMorgan's ability to capitalize on volatile market conditions, which were influenced by recent policy announcements from President Donald Trump. JPMorgan added $973 million to its reserves for soured loans, more than the anticipated $290 million, signaling preparation for potential economic downturns. The bank's shares, which had decreased by 5.3% year-to-date, rose by 2.6% in early trading following the earnings release. JPMorgan's financial performance and executive commentary provide a snapshot of the broader economic environment as other major banks like Citigroup and Wells Fargo prepare to report their earnings. President Trump's 90-day pause on country-specific reciprocal tariffs, announced after Dimon's recession warning, contributed to market volatility.