Reported about 4 hours ago
JP Morgan delivered impressive fourth-quarter earnings of $14.005 billion, exceeding expectations, despite a dip in net interest income due to lower Federal Reserve rates. Revenues climbed 22.2% to $42.8 billion, boosted by a significant rise in investment banking revenue. CEO Jamie Dimon noted resilience in the U.S. economy while cautioning about inflation and geopolitical risks. Following the earnings release, JP Morgan shares rose 1.4% in premarket trading.
Source: YAHOO