Reported about 4 hours ago
JPMorgan Chase reported a record-breaking profit of $58 billion for the entire year of 2024, bolstered by a strong performance in its Wall Street operations and a significant 50% increase in fourth-quarter profits to $14 billion. The surge was attributed to a revival in dealmaking and increased trading revenue due to market volatility from the US presidential election. Despite minor weaknesses in consumer earnings, the bank remains optimistic about future growth and has raised its guidance for net interest income in 2025.
Source: YAHOO