Washington, DC – Jamie Dimon, the CEO of JPMorgan Chase & Co., addressed the 2025 National Retirement Summit in Washington, DC, on Wednesday, March 12, 2025. JPMorgan Chase is set to release its first-quarter earnings report before the market opens Friday.
Analysts are projecting earnings of $4.61 per share and revenue of $44.11 billion for the bank. As the first major U.S. bank to report earnings for the most recent quarter, JPMorgan Chase’s performance will provide insight into the current economic climate, marked by escalating global trade tensions initiated by President Donald Trump on April 2.
Dimon, a long-time leader at JPMorgan, expressed concern over aggressive tariff policies potentially leading to a recession. While Trump recently scaled back proposed tariff rates for most countries (except China) for an initial 90-day period, the uncertainty surrounding trade policies has caused bank stocks to fluctuate drastically in anticipation of a recession.
The quarter that JPMorgan will report on ended before Trump’s tariff announcement, making backward-looking discussions less pertinent. Despite the lack of clarity in the business environment leading to a slowdown in certain investment banking activities like IPO listings and merger advice, the volatility could create favorable conditions for Wall Street trading desks to generate revenue.
Following JPMorgan Chase’s earnings release, Wells Fargo and Morgan Stanley are also expected to report their first-quarter results on Friday, followed by Goldman Sachs, Bank of America, and Citigroup next week. The ongoing uncertainty in the market and the impact of global trade tensions are factors that investors and analysts will closely monitor in the upcoming financial reports.
As the situation unfolds, stay tuned for updates on how these major banks navigate the challenges posed by economic uncertainty and changing trade policies.