JPMorgan 4Q Results Rise 9 Percent, Beats Estimates

January 14, 2016 12:18 PM

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JPMorgan Chase & Co. says its fourth-quarter profits rose 9 percent from a year earlier, helped by strong performance in its consumer banking division.

The largest U.S. bank by assets said Thursday it earned $4.91 billion after payments to preferred shareholders. That compares to a profit of $4.49 billion a year earlier. On a per share basis, the bank earned $1.32 per share, compared with $1.19 per share a year earlier.

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