JPMorgan earns biggest-ever annual profit as investment bankers ride reboundJPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter (4Q), it reported on Wednesday.
The largest US bank also forecast its net interest income (NII), or the difference between what it earns on loans and pays out on deposits, would rise above analysts' expectations this year, despite repeated warnings that high NII growth was unsustainable.