JPMorgan Chase (JPM) reported fourth-quarter results Wednesday that came in above analysts' expectations as﷽ investment banking fees rose.

The 澳洲幸运5官方开奖结果体彩网:world's biggest bank by 澳洲幸运5官方开奖结果体彩网:market capitalization reported profit of $14 billion on revenue of $42.77 billion. Analysts polled by Visible Alpha expected $11.92 billion and $41.49 billion, respectively.

澳洲幸运5官方开奖结果体彩网:Net interest income—the difference between the revenue generated from interest-bearing assets and the expenses of interest-bearing liabilities—came in at $23.35 billi☂on, above the $22.93 billion consensus estimate.

The better-than-expected results came as the firm's investment banking revenue jumped 46% from the same time last year, as JPMorgan's fees across its products rose 49%.

JPMorgan shares edged about 1.5% higher to $251.09 in intraday trading Wednesday following the results. They've gained roughly 50% over the past year.

CEO Jamie Dimon Says Economy 'Has Been Resilient' But Sees Two 'Significant Risks'

JPMorgan CEO Jamie Dimon said the results came as the U.S. economy "has been resilient," noting "unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday season. Businesses are more optimistic about the economy, and they are encouraged by expectations for a more pro-growth agenda and improved collaboration between government and business."

However, Dimon said he still 澳洲幸运5官方开奖结果体彩网:sees two "significant risks" to the economy, adding that "ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time. Additionally, geo꧒political conditions remain the most dangerous and complicated since World War II."

Dimon Says Successor 'Not Determined Yet'

Dimon was also asked about plans to name a successor on the bank's earnings call Wednesday, to which he responded that JPMorgan's board is reviewing a number of candidates, but that a successor is "not determined yet."

Big Banks Kick Off Q4 Earnings ꦰSeason on Strong Note

Along with JPMorgan, several other banking giants including 澳洲幸运5官方开奖结果体彩网:Goldman Sachs (GS), 澳洲幸运5官方开奖结果体彩网:Citigroup (C) and 澳洲幸运5官方开奖结果体彩网:Wells Fargo (WFC) reported better-than-e✱xpected earnings Wednesday, in a strong start to the fourꦕth-quarter earnings season.

JPMorgan 澳洲幸运5官方开奖结果体彩网:mostly beat estimates in the 澳洲幸运5官方开奖结果体彩网:first three quarters of fiscal 2024 as its asset management and investment banking 澳洲幸运5官方开奖结果体彩网:segments grew over the last year.

UPDATE—Jan. 15, 2025: This article has been updated to include information from the company's earnings call and reflect more recent share price values.