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Writer's pictureNgwa Bertrand

JPMorgan rises above rivals with record annual profit of $49 billion

JPM





organ Chase, the largest lender in the US, reported it raked in a record $49.6 billion in annual net income, the most ever in the history of the American banking industry.

And it happened during a year that was the scariest for the industry since the financial crisis of 2008.

It blew away all rivals. JPMorgan’s annual net income surpassed...

🏦 Bank of America by $23 billion

🏦 Wells Fargo by $30 billion

🏦 Citigroup by $40 billion

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