JPMorgan's (JPM) Q1 Earnings Top on High Rates, Loans & IB

High interest rates, the First Republic Bank deal, improvement in investment banking (IB) business and solid loan balance drove JPMorgan’s (JPM) first-quarter 2024 adjusted earnings to $4.63 per share. The bottom line handily surpassed the Zacks Consensus Estimate of$4.18.The results excluded a $725 million or 19 cents per share increase in the FDIC special assessment charges. After including it, earnings were$4.44 per share.The company's shares lost almost 3% in pre-market trading despite quarterly numbe ...