JPMorgan Chase reported a 6% rise in profits for the first quarter of 2024, with net income reaching $13.4 billion, up from $12.6 billion a year earlier, surpassing Wall Street expectations. The bank's earnings per share (EPS) were $4.44, and revenue was $42.55 billion, against expectations of an EPS of $4.13 and revenue of $41.69 billion. Despite the positive results, JPMorgan's shares fell by 4.2% due to concerns over its net interest income forecast for the year, which was set at about $90 billion, lower than analysts' expectations and a sequential decrease from Q4. CEO Jamie Dimon highlighted several economic uncertainties, including persistent inflationary pressures, geopolitical tensions, and the impact of Federal Reserve policies. The bank's performance and Dimon's warnings contributed to a broader market downturn, with major indices like the S&P 500, Dow Jones, and NASDAQ all closing lower. JPMorgan's shares experienced their biggest drop since June 2020, closing down 6.5%.