JP Morgan Chase’s consumer & community banking arm has posted a net income of $2.4bn in the fourth quarter of 2015, up 10.4% compared to a net income of $2.18bn in the year ago quarter.
Total net revenue stood at $11.22bn, a rise of 2.4% from $10.95bn a year ago.
Total noninterest expense for the quarter decreased 2.1% to $6.27bn from $6.41bn in the fourth quarter of 2014.
Provision for credit losses rose 9.2% to $1.04bn compared to $950m in the prior year quarter.
Overall, the banking group reported a net income of $5.43bn, up 10.2% compared to $4.93bn a year earlier. Total net revenue increased 0.5% to $22.88bn from $22.75bn in the corresponding quarter of 2014.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData