JP Morgan Chase reaches record $29.9 billion revenue

J.P. Morgan Chase released its earnings for the first quarter of 2019 posting record profit and revenue. The bank beat the $28.4 billion estimate for revenue coming in with $29.85 billion. Its adjusted net income hit a record high with $9.18 billion, $1.5 billion more than estimates. CNBC Banking Reporter, Hugh Son, breaks down what led to the strong numbers including interest rates, credit, and aggressive growth.
Sat, Apr 13 20199:08 AM EDT