Trade finance

JPMorgan, the largest bank in the U.S., recently reported its fiscal first-quarter earnings for 2024, surpassing analyst expectations on both revenue and earnings. Here’s a rundown of the numbers: Earnings: $4.44 (vs. $4.17 Est. from FactSet) Revenue: $41.9 billion (vs. $41.67B Est. from FactSet) The bank saw growth across nearly all business segments, with quarterly profits rising 6% to $13.4B, and net interest income increasing 11.4% YoY to $23.1B.

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The trade finance solution covers different activities like letters of credit, lending, forfeiting, factoring, and others actively used by exporters and importers to reduce the risk involved in trading.

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