Reported about 5 hours ago
JPMorgan Chase announced its highest-ever annual profit, driven by a surge in investment banking and trading revenues amid a rebound in markets. The bank's strong fourth-quarter performance, with a notable increase in investment banking fees and trading revenue, suggests a positive outlook for the banking sector. However, JPMorgan cautioned about potential challenges, including inflation and geopolitical risks, while forecasting net interest income for 2025 to exceed analysts' expectations.
Source: YAHOO