Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

J.P. Morgan’s earnings beat expectations; hit annual record

Published 01/14/2016, 10:12 AM
JPM
-

Investing.com - J.P. Morgan Chase & Co, the largest U.S. bank by assets, reported better-than-expected fourth quarter profit as a tight lid on expenses and a smaller legal bill offset sluggish revenue growth.

The bank said fourth-quarter profit rose 10% to $5.43 billion, or $1.32 a share. Analysts had expected earnings of $1.25 a share.

Revenue rose around 1% to $23.75 billion, also beating expectations.

For the year, J.P. Morgan earned $24.44 billion, the second straight year of record annual earnings.

Shares in J.P. Morgan Chase (N:JPM) were up more than 1% after the open on Wall Street.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.