February 29, 2024

Up to date Jan. 12, 2024 5:10 pm ET

American customers and companies remained on surprisingly stable monetary footing final yr, propelling earnings for the most important banks but once more. 

JPMorgan Chase stated it made $50 billion in 2023, a report, as many companies reported fourth-quarter and full-year outcomes Friday. JPMorgan, Financial institution of America, Wells Fargo and Citigroup collectively earned $104 billion in 2023, up 11% from a yr earlier.

Copyright ©2024 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8