JPMorgan Chase enregistre un chiffre d’affaires record dépassant les attentes grâce à des taux d’intérêt plus élevés.

JPMorgan Chase Posts Record First-Quarter Revenue

JPMorgan Chase, the largest bank in the US by assets, has posted record first-quarter revenue that exceeded analysts’ expectations. The bank generated nearly 50% more net interest income than it did a year ago. CEO Jamie Dimon said that the US economy is still on a healthy footing, with consumers spending and businesses in good shape. However, he warned that the storm clouds that have been monitored for the past year remain on the horizon, and the banking industry turmoil adds to these risks. Banks are likely to rein in lending as they become more conservative ahead of a possible downturn.

Concerns Over Deposits and Lending Standards

The flow of deposits through American financial institutions is the top concern of analysts and investors this quarter. Smaller banks faced pressure last month as customers sought the perceived safety of megabanks such as JPMorgan and Bank of America. However, deposits are leaving the regulated banking system overall as customers realise they can earn higher yields outside checking and saving accounts. Another key question is whether JPMorgan and others are tightening lending standards ahead of an expected US recession, which could constrict economic growth this year by making it harder for consumers and businesses to borrow money. Banks have begun setting aside more loan loss provisions on expectations for a slowing economy later this year, and that could weigh on results.

Wall Street May Provide Little Help This Quarter

Wall Street may provide little help this quarter, with investment banking fees likely to remain subdued thanks to the still-shut IPO market. Investment banking revenue is headed for a 20% decline from a year earlier, and trading is trending « a little bit worse » as well. Analysts will want to hear what Dimon has to say about the economy and his expectations for how the regional banking crisis will develop. JPMorgan has played a central role in propping up a client bank, First Republic, which teetered last month, in part by leading efforts to inject it with $30 billion in deposits.

JPMorgan Chase, along with other banks, will be closely watched for clues on how the industry fared after the collapse of two regional lenders last month. While JPMorgan likely benefited from an influx of deposits after Silicon Valley Bank and Signature Bank experienced fatal bank runs, the industry has been forced to pay up for deposits as customers shift holdings into higher-yielding instruments like money market funds.

Keywords: JPMorgan Chase, first-quarter revenue, net interest income, US economy, lending standards, deposits, investment banking fees, regional banking crisis.