The news: JPMorgan, Morgan Stanley, Wells Fargo, Bank of America, Goldman Sachs, and Citigroup all reported higher profits in Q1 2025. However, multiple executives are sounding alarms over mounting risks from US tariffs and economic uncertainty, per Reuters, Yahoo Finance, and The Wall Street Journal.

Here are the key takeaways:

• Both JPMorgan and Morgan Stanley reported record equity trade revenue, and Bank of America and Citigroup reported trade revenue surges, thanks to strong market activity early in the year.