JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for t

The largest U.S. bank JPMorgan’s net income surged 50% to over $14 billion in the fourth quarter as its profit and revenue easily beat Wall

The result beat Wall Street profit projections of $4.09 a share, according to the data firm FactSet. Total managed ... JPMorgan CEO Jamie Dimon said the bank got a boost from investment banking ...

The P/E ratio measures a company's stock price relative to its earnings per share. A high P/E suggests that a stock has become expensive compared to its earnings - a crucial fundamental for a company - and is potentially overvalued.

The S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.

JPMorgan Chase & Co. lifted Chief Executive Officer Jamie Dimon’s pay to $39 million for 2024, a year in which the biggest US bank beat its own record for the highest annual profit in the history of American banking.

Some of the other senior executives at the bank also saw their compensation rising by between 4% and 21% in 2024.

Jamie Dimon is making more money than ever. JPMorgan Chase awarded its chief executive $39 million for 2024, an 8% raise from the previous year, the bank said Thursday. (Excluding special bonuses, that is the most he has ever been paid in cash and stock since he started as CEO.

The JPMorgan CEO received an 8% raise after a record year of profit for the bank.

President Donald Trump, in a conversation with global business leaders Thursday, provided the clearest picture yet about how he plans to deliver on the economic promises he campaigned on: He proposed a carrot-and-stick approach to world economics that he believes will help solve the inflation crisis for good and fund his massive tax cut proposals.