JPMorgan's profits drop in Q1

JPMorgan Chase & Co. reported a drop in first-quarter profits to $8.3 billion, compared with $14.3 billion a year earlier.

Jamie Dimon, the company's CEO, warned of more financial disruptions amid interest rate hikes, supply chain issues, inflation and the war in Ukraine.

“I cannot foresee any scenario at all where you’re not going to have a lot of volatility in markets going forward,” Dimon told analysts. "There’s almost no chance you won’t have volatile markets. That could be good or bad for trading but there’s almost no chance it won’t happen and I think people should be prepared for that.”

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