JPMorgan Chase & Co. announced on Wednesday that its managed revenue in the fourth quarter of its fiscal 2024 amounted to $43.7 billion, jumping 10% year over year and beating expectations. In the reported trimester, on an annual basis, net income soared 50% to $14 billion, while earnings per share skyrocketed 58% to $4.81.
In the full year 2024, on an annual level, total managed revenue rose 11% to $180.6 billion, while net income surged 18% to $58.5 billion or $19.75 per share.
"The US economy has been resilient. Unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday season. Businesses are more optimistic about the economy, and they are encouraged by expectations for a more pro-growth agenda and improved collaboration between government and business," CEO Jamie Dimon commented.
The company's stock added 2.64% in the premarket after the report was released.
