• JPMorgan Chase reported first-quarter net income of $13.2 billion, up 15% compared to Q1 2025, driven by higher net interest income and a 12% increase in investment banking revenues.
• CEO Jamie Dimon stated that the bank is "well-positioned" despite macro uncertainties, with the firm raising its dividend by 5% to $1.16 per share and repurchasing $11 billion in stock during the quarter.
• The bank's strong results contrasted with broader financial sector concerns about rising loan losses and credit quality, though JPMorgan's net charge-offs remained stable at 0.31% of loans.
Rightwing Naftali Bennett and centrist Yair Lapid announce new party before Knesset vote expected later this yearTwo of Benjamin Netanyahu’s most formidable political rivals say they are joining forces in an attempt to oust the Israeli prime minister’s coalition government in the election expected later this year.The former prime ministers – rightwing Naftali Bennett and centrist Yair Lapid – issued statements announcing the merger of their parties, Bennett 2026 and Yesh Atid (There is a Future). Continue reading...