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JPMorgan Chase’s shares surged 4% following the release of its earnings, which surpassed analyst expectations. The bank’s management raised its annual net interest income outlook to $94.5 billion and reported strong capital ratios, despite increasing provisions for loan losses to $3.3 billion due to tariff-related economic volatility. CEO Jamie Dimon emphasized the firm’s solid balance sheet and liquidity, positioning JPMorgan as a resilient investment option amid potential recession risks.
