US Banks: JPMorgan, Morgan Stanley rise on Q1 profit beat; Wells Fargo falls

JPMorgan & Chase

Shares of largest U.S. lender JPMorgan & Chase JPM.N rise more than 3% to $234.11 in choppy trading

JPM reports adj. Q1 profit of $4.91/shr, beating analyst's avg. estimate of $4.61/shr - data compiled by LSEG

Co reports record equities trading and higher fees from debt underwriting and merger advisory

Q1 equity trading surged 48% to record $3.8 bln, JPM says

Up to Thursday's close, stock down 5.26% YTD vs ~12% drop in S&P 500 Banks index .SPXBK

Morgan Stanley
Shares of investment bank Morgan Stanley MS.N rise 0.8% to $107.43 in choppy trading
Morgan Stanley reports Q1 profit of $2.6/shr, surpassing analysts' avg. estimate of $2.20/shr - LSEG data
Co reports record equity trading and robust performance in wealth management unit
Up to Thursday's close, MS had fallen ~15% YTD vs ~12% drop in S&P 500 Banks index .SPXBK

Wells Fargo

Shares of fourth-largest U.S. lender Wells Fargo WFC.N down 2.5% at $61.5

Co's CEO warns that U.S. tariffs risk slowing economic growth

WFC reports adj. Q1 profit of $1.33/shr vs analyst' avg. estimates of $1.24/shr - data compiled by LSEG

Up to Thursday's close, WFC had fallen 10% YTD vs ~12% drop in S&P 500 Banks index .SPXBK