CHARLOTTE, North Carolina: JPMorgan Chase & Co., the nation’s largest bank by assets, said its fourth quarter profits jumped by 42 percent from a year earlier, as the firm’s investment banking division had a stellar quarter and its balance sheet improved despite the pandemic.
The New York-based bank said it earned a profit of $12.14 billion, or $3.79 per share, up from a profit of $8.52 billion, or $2.57 per share, in the same period a year ago. Excluding one-time items, the bank earned $3.07 a share, which is well above the $2.62 per share forecast analysts had for the bank.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.