JPMorgan Chase posts record profit

15 Jan 2020


NEW YORK: JPMorgan Chase posted record fourth-quarter profits on Tuesday as it eyes growth in China, while Wells Fargo reported another earnings stumble and signalled cost-cutting ahead.

JPMorgan cited continued strength of the US consumer and better-than-expected trading results amid improved US-China trade relations as key attributes in capping a year of record revenue of net income.

Published in Dawn, January 15th, 2020