JPMorgan Chase: Record results and Jamie Dimon's future

Last year, JPMorgan Chase recorded its highest-ever profits, earning $14 billion in the fourth quarter of 2024. Full-year profits reached a record $58 billion, the highest in U.S. banking history.

Highlights from the company's results 👇

- The company's quarterly revenue grew 50% compared to the same period in 2023.

- Earnings: $4.81 per share vs. LSEG estimate of $4.11

- Revenue: $43.74 billion vs. $41.73 billion expected

This result was boosted by a surge in Wall Street deal activity as the sector recovers from two years of stagnant M&A activity. JPMorgan's investment banking revenue was up 49% from a year earlier.

Trading revenue then rose 21% in the fourth quarter as JPMorgan $JPM and other big banking houses benefited from the volatility associated with the U.S. presidential election in November.

CEO Jamie Dimon weighed in on the succession issue during talks with reporters and analysts. He revealed that he plans to stay on as CEO for the next few years. After his departure, he expects…