Investing.com – J.P. Morgan Chase & Co, the largest U.S. bank by assets, reported better-than-expected fourth quarter profit as a tight lid on expenses and a smaller legal bill offset sluggish revenue growth.
The bank said fourth-quarter profit rose 10% to $5.43 billion, or $1.32 a share. Analysts had expected earnings of $1.25 a share.
Revenue rose around 1% to $23.75 billion, also beating expectations.
For the year, J.P. Morgan earned $24.44 billion, the second straight year of record annual…
J.P. Morgan’s earnings beat expectations; hit annual record
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