JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter, it reported on Wednesday. The largest U.S. bank also forecast its net interest income,

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

JPMorgan Chase reported higher fourth-quarter results, with revenue rising 11% Y/Y to $42.8 billion, beating consensus. Investment Banking revenue and fees were up 46% and 49% respectively. Assets under management and client assets also saw significant increases.