Finance

JPMorgan Just Made More Annual Profit Than Any US Bank Ever

Its $49.6 billion of net income in 2023 tops its 2021 record
‘Nobody in the banking business’ compares, Lee Raymond said

JPMorgan Misses Estimates on 4Q Investment Banking Revenue

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By Max Abelson and Hannah Levitt

January 12, 2024 at 1:12 PM UTC

This article is for subscribers only.

JPMorgan Chase & Co. made more annual profit than any lender in the history of US banking.

Its $9.3 billion of net income in the fourth quarter of 2023 means the biggest US bank made $49.6 billion for the year, up 32% from 2022 and topping a record $48.3 billion from 2021.