1/13, 12:54 PM (Source: TeleTrader)
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JPMorgan's revenue soars 18% to $34.55 billion in Q4

JPMorgan Chase & Co. reported on Friday its fourth-quarter revenue annually increased by 18% to $34.55 billion, with net income going up 6% to $11 billion or diluted earnings per share of $3.57.

"The US economy currently remains strong with consumers still spending excess cash and businesses healthy. However, we still do not know the ultimate effect of the headwinds coming from geopolitical tensions," CEO Jamie Dimon noted.

The bank's shares plunged about 3.5% following the earnings announcement ahead of Friday's opening bell.

Baha Breaking News (BBN) / ND