Reported 1 day ago
JPMorgan Chase has reported fourth-quarter profits of $14 billion on revenues of $42.77 billion, exceeding analyst expectations due to a 46% increase in investment banking fees. Despite recognizing potential economic risks, CEO Jamie Dimon highlighted the resilience of the U.S. economy, with low unemployment and strong consumer spending. The bank's shares rose by 1.5% following the report, continuing a trend of approximately 50% growth over the past year.
Source: YAHOO