JPMorgan profit increased 1.7 times in the last quarter of 2018


JPMorgan Chase & Co, the largest US bank, increased its net profit in Q4 2018 by 67%. A year earlier, the profit was $4.232 billion, at the end of last year it grew to $7.066 billion. The bank's revenue grew by 4.1%. Despite the strong performance, the bank did not meet market expectations. Analysts had expected a profit of $2.2 per share instead of the current $1.98. The interest income of the bank grew by 9% over this period, non-interest - dropped by 1%. JPMorgan’s loss reserves also increased by $240 million and reached $1.5 billion. The bank's capitalization for the year decreased by 10%.

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