JPMorgan's Record-Breaking $49 Billion Annual Profit Sets New Standard

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Source: Bloomberg
JPMorgan's Record-Breaking $49 Billion Annual Profit Sets New Standard
Photo: Bloomberg
TL;DR Summary

JPMorgan Chase & Co. has set a new record by making $49.6 billion in annual net income in 2023, surpassing its own previous record of $48.3 billion in 2021. This marks the highest annual profit ever achieved by a US bank, solidifying JPMorgan's position as a leader in the banking industry.

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