While revenues rose seven percent to $45.8 billion, bank executives expressed disappointment at the performance of investment banking. Executives also took issue with a call by Trump last week to cap credit card interest at 10 percent. In its commercial and investment bank, JPMorgan benefited from increases in trading-related revenues in financial markets, but investment banking revenue and fees both fell. The drop in earnings from the year-ago period was due to higher credit costs, with JPMorgan establishing a $2.2 billion reserve to cover the Apple credit card portfolio. Dimon said "the US economy has remained resilient," adding that "while labor markets have softened, conditions do not appear to be worsening.

Source: Bangladesh Sangbad Sangstha January 14, 2026 04:17 UTC