JPMorgan Chase & Co. posted a 52 percent 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 last month.
With JPMorgan’s strong results, as well as solid results from Citigroup and Wells Fargo on Friday, there seem to be few signs of potential trouble in the banking system—at least among the nation’s biggest, most complex financial institutions.
