JPMorgan Chase (JPM): The company reports records and better than expected figures for Q4. Additionally, the Trump trade is benefiting bank stocks.
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With bank stocks, the new earnings season starts after a subdued beginning to the year. JPMorgan Chase (JPM) , one of the largest and most complex financial institutions in the United States, reported a net profit of a staggering 14 billion USD for the 4th quarter on Wednesday (January 15). In the Corporate & Investment Banking segment, the increase in fees was a remarkable 49%. The payment sector also impressed with a record value. Finally, management fees in Asset & Wealth Management rose by 21%, leading to a record revenue. The numbers will...
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