JPMorgan Chase profits top estimates, bank sees ‘resilient’ US economy

JPMorgan Chase profits top estimates, bank sees ‘resilient’ US economy …C0NTINUE READING HERE >>>

JPMorgan Chase CEO Jamie Dimon says geopolitical conditions are ‘treacherous and getting worse’.
Photo: Ludovic MARIN / POOL/AFP/File
Source: AFP

JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.

But while the bank sees the US economy as “resilient,” CEO Jamie Dimon offered a bracing geopolitical outlook, calling conditions “treacherous and getting worse.”

The US banking giant enjoyed increases in revenues for equity trading as well as higher…

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