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Huge quarterly surprise from JPMorgan

Huge quarterly surprise from JPMorgan

The main driver of positive results was the recovering American economy and also helped by

the release of provisions for possible credit. The bank's traders earned 9.05 billion on the

capital markets, a year ago their revenues were a quarter lower.

Jamie Dimon, the bank's chief executive, said demand for credit remained complex and

growth in loans to households, with a possible rise in interest rates, was likely to slow. But he

also noted that US government stimulus and possible infrastructure spending mean the

economy has the potential to experience extremely robust growth.

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Performance JPMorgan’s shares (Tradingview.com)