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JPMorgan Chase tops estimates on better-than-expected fixed income and investment banking results

  • JPMorgan Chase reported a profit of $58.5 billion for 2024, up from $49.6 billion in 2023.
  • CEO Jamie Dimon noted that 'The US economy has been resilient,' highlighting low unemployment and strong consumer spending.
  • In the fourth quarter, JPMorgan earned $14 billion, or $4.81 per share, for the period ending December 31.
  • Investment banking revenue increased by 46% to $2.6 billion, with a projected surge of 45% for the fourth quarter.
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  • 62% of the sources are Center
62% Center
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