JPMorgan shares tumble despite strong earnings


  • World
  • Saturday, 13 Apr 2024

NEW YORK, April 12 (Xinhua) -- U.S. top-ranking bank JPMorgan Chase & Co. reported robust first-quarter earnings on Friday, surpassing expectations.

However, a decline in one of its crucial profit metrics compared to the previous quarter led to a drop of over 6 percent in the company's shares, which has raised questions about the banking sector's impacts on overall performance of the broader S&P 500 Index.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump says no tariffs next month after agreeing outline of Greenland deal
U.S. tariffs on European countries could slow Latvia's economic growth: economist
Finland's economy shows early recovery signs despite trade-policy uncertainty: Nordea Bank
Roundup: Britain's job market struggles between working rights protection, employment cost hikes
Greenland gov't advises public to stockpile five-day emergency supplies
2nd LD Writethru: European Parliament puts EU-U.S. trade deal on hold over Greenland tariff threats
Chile's miners flag risks in dual oversight of mining, economy ministries
China to send 2 giant pandas to Munich zoo under 10-year conservation program
Russia's inflation eases to 5.6 pct in 2025
Britain's inflation rate increases to 3.4 pct in December

Others Also Read