LONDON (ShareCast) - (Sharecast News) - JPMorgan Chase delivered a robust fourth-quarter performance on Wednesday, surpassing Wall Street expectations on the back of record trading revenue, strong net interest income, and reduced expenses.
The American banking giant reported a 50% increase in profit to $14bn, with earnings per share reaching $4.81, significantly above the $4.11 consensus estimate.

Revenue for the quarter rose 10% year-on-year to $43.74bn, exceeding the $41.73bn analysts had predicted.

Trading revenue climbed 21% to a record $7.05bn, driven by heightened volatility surrounding the US elections.

Fixed-income trading was a standout, offsetting a decline in equities trading.

Investment banking fees also surged by 49%, reaching $2.48bn, buoyed by strong advisory and equity underwriting performance.

Net interest income, a key driver of bank profitability, came in at $23.47bn, exceeding estimates by about $400m.

While net interest income declined 3% from the prior quarter, the bank raised its 2025 guidance, now projecting the total to exceed $94bn, up from prior estimates of $87bn.

Cost control further contributed to the bank's strong performance - non-interest expenses fell 7% to $22.8bn, aided by the absence of a $2.9bn FDIC assessment incurred last year.

"The US economy has been resilient," said chief executive officer Jamie Dimon.

"However, two significant risks remain - ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time.

"Additionally, geopolitical conditions remain the most dangerous and complicated since World War II."

At 0746 EST (1246 GMT), shares in JPMorgan Chase & Co were up 0.67% in premarket trading in New York, at $249.14.

Reporting by Josh White for Sharecast.com.

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