The boss of JP Morgan, Jamie Dimon, has said “storm clouds” threatening the banking sector had grown as a result of last month’s short-lived crisis but assured that the lender was prepared for further turmoil after first-quarter profits rose by 52%.
Wall Street’s largest bank reported the jump in net income – a measure of profits – to $12.6bn (£10bn) over the first three months of the year, up from $8.3bn over the same period in 2022.
