KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
Gold Prices Rise as Markets Await Trump’s Policy Announcements 
Can Europe shake its Russia links for good? 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
UK Businesses Urge Government to Cut Electricity Levies 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Cathie Wood Backs AI Slowdown as Safety Concerns Grow 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Hyundai Delays In-House ADAS, Turns to Nvidia 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Ex-Google DeepMind Researcher Warns AI Could Pose Existential Threat 
BHP Port Hedland Wage Dispute Heads to Arbitration 
Add as a preferred source on Google
JPMorgan Chase & Co's net income rose to $12.1 billion, or $3.79 per share, in the quarter ended Dec. 31, from the previous year's $8.5 billion, or $2.57 per share.
The performance also surpassed its expected earnings of $2.62 per share, according to Refinitiv.
The increase is attributed to its strength in trading and investment banking offsetting the low borrowing rates on its bank's interest income.
According to JP Morgan chairman and CEO, Jamie Dimon, their credit reserves of over $30 billion will allow them to withstand an economic environment than many economists' forecasts.
In 2019, JPMorgan posted a $36.4 billion annual profit, the biggest in US banking history.
JPMorgan took a hit from the pandemic in earlier quarters but still managed to record a $29.1 billion income last year.
