Reported about 6 hours ago
In the fourth quarter of 2024, JPMorgan Chase's net income surged 50% to over $14 billion, beating Wall Street forecasts with earnings per share rising to $4.81. The bank achieved a record annual profit of $54 billion, driven by a boom in investment banking and consumer banking activities. However, interest income fell by 3% due to lower interest rates. CEO Jamie Dimon indicated a strong U.S. economy and emphasized the importance of balanced regulations to support growth while maintaining banking system safety.
Source: YAHOO