JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
Publishing timestamp: 2024-04-12 13:13:40
Summary
JPMorgan Chase posted a 6% rise in first-quarter profit, but disappointed investors with unchanged guidance for 2024. Shares fell more than 5% despite profit and revenue beating Wall Street estimates. CEO Jamie Dimon remains cautious about the future due to uncertain forces like overseas conflict and inflationary pressures.
Sentiment: MIXED
Tickers: MS, JPM, WFC, BAC, C, GS,
Keywords: citigroup inc, wells fargo & co, goldman sachs group inc, jamie dimon, jpmorgan drn, banks, business, earnings, wall street, breaking news: investing, dividends, bank of america corp, morgan stanley, economic events, investment strategy, breaking news: markets, breaking news: earnings, business news,
Source: https://www.cnbc.com/2024/04/12/jpmorgan-chase-jpm-earnings-q1-2024.html