JPMorgan Chase announced its performance figures for the first quarter of the year last Friday, and although the diversified banking group eked out record profits for the period, it only achieved the feat thanks to a particularly strong investment bank performance combined with lower provisions and non-interest expenses. The sequential decline in revenues generated by all divisions besides the corporate & investment banking business is no doubt a cause for concern, especially as net interest margins continue to shrink. We maintain a $53 price estimate for JPMorgan's shares, which is about 10% above its current market price. See our full analysis of JPMorgan Fixed-Income Trading Business Carried Results For Quarter The biggest advantage of the record low interest rate environment prevalent globally is arguably the boost in demand for debt and other unconventional securities that have been spurned over recent months.