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Today at a glance:
🏦 JPMorgan: Considerable Turbulence
📈 Blackrock: $11.6 Trillion in AUM
🛩️ Delta Airlines: Guidance Grounded
🍺 Constellation: Tariff Hangover
🌿 Tilray: Strategic Reset
FROM OUR PARTNERS
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They’ve just been granted the stock ticker $MODE by the Nasdaq2 and the time to invest at their current share price is running out.
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Disclaimers
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
2 The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
3 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
1. 🏦 JPMorgan: Considerable Turbulence
JPMorgan Chase reported revenue growth of 8% to $45.3 billion ($1.8 billion beat) and EPS of $5.07 ($0.43 beat), including a $0.16 gain from its First Republic acquisition. Net interest income (NII) reached $23.3 billion, and the bank raised its full-year NII forecast by $0.5 billion to $94.5 billion. Results were driven by record equity trading revenue (+48% Y/Y to $3.8 billion) and strong investment banking fees performance (+12% to $2.2 billion), despite rising credit loss provisions to $3.3 billion as the bank braces for potential economic weakness.
CEO Jamie Dimon struck a cautious tone, warning of “considerable turbulence” ahead due to tariffs, sticky inflation, high fiscal deficits, and geopolitical uncertainty. JPMorgan maintained its expense outlook and emphasized liquidity and capital strength as it prepares for a wide range of scenarios. While consumers remain resilient for now, the bank sees growing signs of caution from corporate clients, with many pulling back on investment and dealmaking activity.
2. 📈 Blackrock: $11.6 Trillion in AUM
BlackRock saw revenue grow 12% to $5.3 billion ($30 million miss), and EPS was $11.30 ($1.09 beat). Assets under management reached a record $11.6 trillion (up 11% Y/Y), driven by $84 billion in net inflows, led by ETFs, fixed income, and private markets. Despite market volatility and institutional index outflows, the firm posted 6% organic base fee growth, its strongest start to a year since 2021.
Private markets and ETFs remained key growth drivers, while technology services and subscription revenue rose 16% year-over-year, supported by the Preqin acquisition and continued demand for Aladdin, BlackRock’s portfolio risk management platform used by institutions globally. CEO Larry Fink noted that market anxiety and policy uncertainty are dominating client conversations but reaffirmed long-term demand for infrastructure and private credit. BlackRock continues to reposition itself beyond traditional asset management—deepening its presence in alternatives, technology, and global markets.