JPMorgan Chase & Co's net income rose to $12.1 billion, or $3.79 per share, in the quarter ended Dec. 31, from the previous year's $8.5 billion, or $2.57 per share.
The performance also surpassed its expected earnings of $2.62 per share, according to Refinitiv.
The increase is attributed to its strength in trading and investment banking offsetting the low borrowing rates on its bank's interest income.
According to JP Morgan chairman and CEO, Jamie Dimon, their credit reserves of over $30 billion will allow them to withstand an economic environment than many economists' forecasts.
In 2019, JPMorgan posted a $36.4 billion annual profit, the biggest in US banking history.
JPMorgan took a hit from the pandemic in earlier quarters but still managed to record a $29.1 billion income last year.


American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Why your retirement fund might soon include cryptocurrency
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
How the UK’s rollback of banking regulations could risk another financial crisis
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Infosys Shares Drop Amid Earnings Quality Concerns
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 



