A record year for JP Morgan. The American group closed 2015 with a net profit of 24,4 billion dollars, an increase of 12,4% compared to 2014. A leap supported above all by the performance achieved in the fourth quarter, in which profits grew by 10,2% to 5,4 billion.
Earnings per share are $6 for the full year 2015 and $1,32 for the fourth quarter, well above the $1,27 market expectations.
Speaking of revenues, the news does not seem to be entirely positive. 2015 ended with 93,5 billion dollars (-2%), while the result for the fourth quarter was 22,9 billion (+1%). As for capital solidity, the common equity tier 1 ratio is 11,6%.
“We had a good quarter to close 2015, which was another record year for net income and earnings per share,” commented Chief Executive Officer Jamie Dimon, noting that the institution has “exceeded all commitments.
The company becomes safer and stronger every year as we continue to adapt our strategy to the new world and meet all requirements. We see excellent investment opportunities for the future.”
Just over an hour after the open on Wall Street, JP Morgan shares gained 0,40%.
