JPMorgan Posts Record $11.6B Trading Revenue; S&P Notches Fresh Record

JPMorgan's Q1 EPS of $5.94 and revenue of $50.5 billion beat consensus; trading revenue hit an all-time $11.6 billion. The S&P 500 rose 1.18% to 6,967.38 and the Nasdaq jumped 1.96% to 23,639.08, both hitting new highs on rising expectations for renewed U.S.–Iran talks.