JPMorgan's net income jumps 50% to more than $14 billion in the final quarter of 2024

JPMorgan's net income rose 50% to over $14 billion in Q4, with EPS at $4.81, surpassing Wall Street's forecasts. Revenue increased to $43.7 billion. Wells Fargo also reported strong earnings, with net income nearly doubling to $5.1 billion. Both banks exceeded profit expectations despite challenges.

Jan 15, 2025 - 18:30

JPMorgan's net income jumps 50% to more than $14 billion in the final quarter of 2024

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JPMorgan's net income rose 50% to over $14 billion in Q4, with EPS at $4.81, surpassing Wall Street's forecasts. Revenue increased to $43.7 billion. Wells Fargo also reported strong earnings, with net income nearly doubling to $5.1 billion. Both banks exceeded profit expectations despite challenges.