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JPMorgan 4Q profits rise, helped by higher interest rates

Por: Associated Press Business January 13, 2023

NEW YORK (AP) — JPMorgan Chase & Co. said its fourth-quarter profits rose 6% from a year ago, as higher interest rates helped the bank make up for a slowdown in deal-making in its investment bank. The bank also set aside more than $2 billion to cover potential bad loans and charge-offs in preparation for a possible recession. The New York-based bank said Friday that it earned $11.0 billion last quarter, up from $10.4 billion in the same period... + full article



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