BlackRock Inc. reported its first quarter earnings for 2025, with assets under management (AUM) reaching a record $11.58 trillion, up 11% year-over-year. The company's adjusted earnings per share (EPS) came in at $11.30, surpassing the consensus estimate of $10.76, while revenue of $5.28 billion slightly missed the expected $5.38 billion. Net inflows for the quarter totaled $84 billion, reflecting a 3% annualized organic asset growth. Within this, iShares ETFs reached $107 billion, with $3 billion directed towards digital asset products, including Bitcoin and Ether ETFs, which experienced an 83% drop in inflows from the previous quarter. JPMorgan Chase & Co. announced a 9% increase in first-quarter net income, reaching $14.64 billion, with earnings per share of $5.07, beating the estimate of $4.65. The bank's managed revenue rose to $46.01 billion, up from the anticipated $44.39 billion. Despite the strong financial performance, CEO Jamie Dimon expressed concerns about global economic turbulence, including geopolitical issues, potential trade wars, and ongoing inflation. The bank set aside $3.3 billion for a net reserve build to cover potential bad loans. Morgan Stanley reported a significant rise in first-quarter earnings, with net income increasing 26% to $4.32 billion and earnings per share at $2.60, above the expected $2.26. Revenue reached a record $17.7 billion, up 17% year-over-year, driven by a 45% surge in equities trading revenue to $4.13 billion. The bank's total client assets rose to $7.7 trillion, supported by $94 billion in net new assets. The CEO highlighted the strong performance across its institutional securities and wealth management sectors. Wells Fargo & Co. posted a first-quarter net income of $4.89 billion, or $1.39 per share, surpassing the consensus estimate of $1.24 per share. However, revenue of $20.15 billion fell short of the expected $20.73 billion. Non-interest expenses were $13.89 billion, and total average deposits and loans stood at $1.34 trillion and $908.28 billion, respectively. The bank's CEO noted support for trade policy reviews but acknowledged the risks associated with significant actions, preparing for a potentially slower economic environment in 2025. Bank of New York Mellon Corp. reported first-quarter earnings with an adjusted EPS of $1.58, beating the estimate of $1.52, and revenue of $4.79 billion, slightly above the expected $4.77 billion. The bank's AUM stood at $2.01 trillion, below the anticipated $2.05 trillion. Net interest revenue was $1.16 billion, assets under administration reached $53.1 trillion, and net loans totaled $71.11 billion. The company highlighted strong profitability with a 32% pre-tax margin and a return on tangible common equity (ROTCE) of 24%.