Senate Banking Committee member Elizabeth Warren is concerned the Federal Reserve may be “turning a blind eye” to alleged ...
Financial writer discusses JPMorgan Chase's strong results, Federal Reserve policies, and how they impact future banking stock performance.
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
JP Morgan CEO Jamie Dimon said businesses are "encouraged by expectations for a more pro-growth agenda" heading into 2025.
JPMorgan Chase & Co. said it expects its 2025 net interest income to fall to about $90 billion excluding markets from its reported 2024 level of $92.4 billion. The bank said lower interest rates ...
JP Morgan posted stronger-than-expected fourth ... offset an overall slide in net interest income tied to lower Federal Reserve interest rates. JP Morgan (JPM) said earnings for the three months ...