JPMorgan Chase posted a 52% jump in its first quarter profits, helped by higher interest rates which allowed the bank to charge customers more for loans.
A Chase bank sign in Richmond, Va., Wednesday, June 2, 2021. PMorgan reports earnings on Friday, April 14, 2023.
JPMorgan Chase & Co. posted a 52% jump in its first quarter profits, helped by higher interest rates, which allowed the bank to charge customers more for loans. The bank saw deposits grow noticeably, as business and customers flocked to the banking titan after the failure of Silicon Valley Bank and Signature Bank.
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