New York | JPMorgan Chase & Co closed out the most profitable year in US banking history with its seventh consecutive quarter of record net interest income and a surprise forecast that the windfall may continue this year.
NII – the difference between what banks earn on loans and pay out on deposits – came in at $US24.2 billion ($36 billion) in October-December, a company statement said on Friday. The haul for all of 2024 may rise to about $US90 billion, according to the bank, while analysts had been expecting a 2 per cent drop.
