JPMorgan Chase reported Q4/15 net income of $5.4 billion or $1.32 per share on revenue of $23.7 billion. Full-year 2015 net income was a record $24.4 billion on revenue of $96.6 billion. Analysts polled by Thomson Reuters had expected $1.25 EPS in Q4/15.
Jamie Dimon, chairman and CEO, commented on the financial results: “We had a good quarter as 2015 came to a close. The businesses generated strong loan growth and credit quality, except for some stress in energy. The consumer business continues to gather deposits, outpacing the industry. Markets were somewhat quieter, and we saw the impact reflected in the results of our trading and Asset Management businesses.”
Dimon added: “Looking at performance for the full year, 2015 was another record year for the firm for net income and EPS, and importantly we exceeded on all of our commitments – balance sheet optimization, capital, GSIB and expense. On operating leverage, we delivered core efficiencies while continuing to invest in innovation and technology, infrastructure and talent – crucial for protecting the company and customers, and for our growth.” Dimon concluded: “The firm is getting safer and stronger each year. We are continuing to adjust our strategy to the new world and to meeting all requirements. We see exciting opportunities to invest for the future, to continue to deliver better and faster for our clients and customers.”
Highlights from the news release included:
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