JPMorgan Shares Soar 7% on Better Than Expected Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/JPM'>JPMorgan (NYSE:JPM)</a> shares surged more than 7% on Friday after the company reported its Q1 results, with EPS coming in at $4.10, better than the Street estimate of $3.41. Revenue was $38.3 billion, beating the Street estimate of $36.13 billion.</p>
<p>While the rest of the industry experienced a 3% decrease in Q1, JPMorgan gained $50 billion in deposits. J.P. Morgan's performance highlights the ability of large banks to withstand industry disruptions. The bank's extensive variety of businesses and immense assets enabled it to endure a crisis that impacted smaller and regional lenders.</p>
<p>The bank's net interest income, which measures the difference between the interest it pays to depositors and the interest it charges for loans, went up by 49%, resulting in a 52% increase in overall profits.</p>
<p>Additionally, the bank raised its estimates for net interest income to $81 billion for this year, not including market profits, up from the previous estimate of $74 billion.</p>

NYSE:JPM