CEO Jamie Dimon worries the bank’s overseas business is under threat now that the U.S. government has declared a global trade war. “I honestly add that to the list of worries,” Dimon said on an earnings call Friday. “We will be in the crosshairs.”

JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but it's chief executive warned of global economic uncertainties ahead due to President Donald Trump’s ongoing trade war and other geopolitical tensions.

JPMorgan Chase topped first-quarter profit estimates on Friday, driven by record equities trading and higher fees from debt underwriting and merger advisory. Shares of the biggest U.S. bank climbed about 3% before the open even as CEO Jamie Dimon remained circumspect on the economy as corporate America navigated the fallout of President Donald Trump's tariffs.