JPMorgan Profits Up Despite Dimon's Warning of 'Uncertain' Economic Headwinds

• JPMorgan Chase CEO Jamie Dimon warned of an "uncertain" year ahead, citing challenges like inflation, geopolitical tensions, and government spending that threaten the economy.

• JPMorgan reported a 6% rise in first quarter profits to $13.42 billion, but shares slid 6.5% amid a broader market selloff.

• Dimon said many economic indicators remain favorable, but cited wars in Ukraine and Gaza, persistent inflation, and high government spending as "uncertain forces."

• Other banks like Citi and Wells Fargo saw profits decline in the first quarter compared to last year.

• Dimon has warned before of economic "hurricanes" ahead, though some predictions, like interest rates surging to 8%, have not yet transpired.