JPMorgan Chase raised its forecast for lending profits this year, but CEO Jamie Dimon warned about the need for caution in a statement: "While inflation is slowing and the U.S. economy remains resilient,

JPMorgan Chase CEO Jamie Dimon said in a statement that while “inflation is slowing and the U.S. economy remains resilient, several critical issues remain,” including large fiscal deficits and infrastructure funding needs.

U.S. stocks were mixed as bank earnings kicked off. The S&P 500 and Dow industrials rose, while the Nasdaq Composite edged down.

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Major U.S. indexes climbed to fresh highs Friday after strong earnings reports from big banks and a lower-than-expected reading on wholesale inflation.