JP Morgan’s Q4 Results: Revenue Surges, But Income Slips

JP Morgan Chase reports mixed Q4 results with asset management division showing growth

JP Morgan Chase & Co. has released its financial performance for the fourth quarter, presenting a mixed picture of growth and decline. The bank’s asset and wealth management division enjoyed a 7% increase in net income, reaching $1.217 billion. Additionally, the division saw a promising 11% rise in net revenue, reaching $5.095 billion. It is important to note that this growth is organic and excludes contributions from the recent First Republic Bank acquisition.