JPMorgan Chase's Varied Q4 Performance: Net Income, Profit, and Investment Banking Revenue Insights
Originally Published 2 years ago — by MarketWatch
JPMorgan Chase's fourth-quarter net income dropped to $9.3 billion, impacted by a $2.9 billion special assessment by the FDIC, but its adjusted profit beat analyst estimates at $3.97 a share, with reported revenue rising to $38.57 billion. The bank remains cautious due to global conflicts and expects 2024 net interest income to be about $88 billion. JPMorgan's stock rose by 2.1% in premarket trading, and its earnings come amidst a busy day for bank updates, with Wells Fargo, Citigroup, and Bank of America also reporting their fourth-quarter results.