J.P. Morgan, the biggest U.S. bank by assets, is the first major lender to report earnings.
posted profit and revenue that exceeded analysts' expectations on a surge in trading revenue at the end of 2019.
CEO Jamie Dimon noted that his investment bank produced record revenue for a fourth quarter, aided by a rebound in trading revenue. For the full year, profit of $36.4 billion was a record as well.
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