JPMorgan profit jumps as dealmakers and traders ride market rebound
ReutersJan 15, 2025 11:52 AM
Jan 15 (Reuters) - JPMorgan Chase's JPM.N profit rose as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.
Profit was $14 billion, or $4.81 per share, for the three months ended Dec. 31, the largest U.S. bank said on Wednesday. That compares with $9.3 billion, or $3.04 per share, a year earlier.
(Reporting by Niket Nishant in Bengaluru and Nupur Anand in New York, editing by Lananh Nguyen and Anil D'Silva)
((Niket.Nishant@thomsonreuters.com;))
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