![JPMorgan profit rises 6% in Q1; shares decline after NII miss JPMorgan profit rises 6% in Q1; shares decline after NII miss](https://cdn.magzter.com/1547192204/1712947597/articles/7Y3EjgVSk1712952895851/JPMORGAN-PROFIT-RISES-6-IN-Q1-SHARES-DECLINE-AFTER-NII-MISS.jpg)
High borrowing costs have helped lenders boost net interest income (NII), or the difference between what banks earn on loans and pay out for deposits. JPMorgan, the biggest US bank by assets, also added billions of dollars of loans to its balance sheet after acquiring failed First Republic Bank in May last year, fueling its interest income further.
Chief executive officer Jamie Dimon, however, stuck to his cautious tone, despite growing optimism in the last several months about a soft landing for the economy.
Denne historien er fra April 13, 2024-utgaven av Business Standard.
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Denne historien er fra April 13, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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