JPMorgan Chase & Co. defied expectations, reporting a 52% increase in first-quarter profit and record revenue of $38.35 billion despite the recent crisis of confidence in the banking industry. The bank posted net income of $12.62 billion or $4.10 per share, surpassing analysts' estimates of $3.41 per share. JPMorgan has beaten earnings expectations for the past two quarters. Its net interest income margin increased 48% year-over-year. Although noninterest income was down 8% year-over-year, the Markets segment saw a 7% increase, offsetting the decline. During the first quarter of 2023, deposits at JPMorgan surged from December to the end of March. JPMorgan has a market capitalization of about $374.46 billion, compared to Goldman Sachs' market cap of $107.40 billion. Although Goldman Sachs trades at a cheaper price-book ratio, JPMorgan has an edge in terms of scale and diversification of financials. It has approximately $3.31 trillion in assets under management, with four main business segments: Consumer and Community Banking, Corporate and Investment Banking, Asset & Wealth Management and Commercial Banking.