Sign Up
OverviewAPI
JPMorgan Chase reports record annual profit despite a quarterly profit slip, benefiting from higher interest rates and increased lending margins. The bank forecasts net interest income of $90 billion for 2024, surpassing expectations. Additionally, JPMorgan's exceptional Q4 earnings, driven by its AI-powered stock-picking tool, ProPicks, led to a 2% stock price gain. Meanwhile, Citigroup faces a $1.8 billion fourth-quarter loss due to substantial charges.

Ask a question