JPMorgan's 1Q Earnings Beat Amid Inflation Warnings

JPMorgan Chase's profits rose 6% in the first quarter, surpassing expectations, but CEO Jamie Dimon warned of "persistent inflationary pressures" and other uncertain forces ahead for the US economy. The bank's revenue also increased by 9%, with a boosted estimate of net interest income for the full year. However, concerns arose as JPMorgan's stock fell over 2% in pre-market trading, and its net interest income dropped 4% from the previous quarter. The results set the stage for an earnings season where banks will strive to demonstrate resilience amid dimming hopes of lower interest rates from the Federal Reserve.