CEO Jamie Dimon of JPMorgan announced the first-quarter earnings on Friday. The bank saw significant growth in revenue and profits but also increased its reserves. Dimon expressed concerns about the US economy facing challenges due to tariffs and other factors. The bank reported a rise in net revenue by 8% to $45.3 billion and a 9% increase in net income to $14.6 billion compared to the previous year. To anticipate bad debts, JPMorgan increased its provision for credit losses by $973 million to $3.3 billion in the first quarter of this year. The reported earnings per share of $5.07 exceeded expectations, driving a 2.6% increase in shares in premarket trading. Dimon highlighted the economic uncertainties, mentioning potential impacts of tariffs, inflation, fiscal deficits, and trade policies. He called for actions to rectify unfair trade and tax practices. The CEO also warned about the likelihood of a recession.