JPMorgan Chase’s Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation after first-quarter profits at the largest U.S. bank slumped 42%.
Consumer Banking
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Net income of $2.9B vs. $6.8B in 1Q21 & revenue of $12.2B, down 2% YoY
Corporate & Investment Banking
Net income of $4.4B, down 26% YoY & revenue of $13.5B, down 7%
YoY
Commercial Banking
Net income of $850mm, down 28% YoY & revenue of $2.4B was flat compared to the prior year.
