00:00It's Benzinga, bringing Wall Street to Main Street.
00:02JPMorgan Chase reported a record $21.2 billion quarterly profit, or $7.70 per share, according to Bloomberg.
00:11Equity's trading revenue surged 86% to $6.03 billion, and a long-time Visa stake generated a $4.6
00:19billion gain.
00:20Total trading revenue reached $12.1 billion, topping the previous record.
00:25Investment banking fees rose 30% to $3.28 billion, while net interest income increased 10% to $25.5
00:33billion.
00:34The bank raised its full-year net interest income forecast to about $105.5 billion, and lifted its expense outlook
00:42to about $107.5 billion.
00:45CEO Jamie Dimon warned about geopolitical tensions, sticky inflation, global deficits, and elevated asset prices.
00:53JPMorgan shares fell 2.6% in early trading.
00:57For all things money, visit Benzinga.com.
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