Summary
JPMorgan Chase & Co. reported a robust fourth quarter of 2020, with net income reaching $12.1 billion, or $3.79 per share. This represents a significant increase compared to the $8.5 billion, or $2.57 per share, earned in the fourth quarter of 2019. The strong performance in the quarter contributed positively to the firm's overall financial condition for the year. Investors should note that the detailed financial results for the fourth quarter of 2020 are available in the accompanying earnings release and financial supplement, attached as exhibits to this 8-K filing. These documents provide a deeper dive into the drivers of the reported profitability and the firm's operational performance during the period.
Key Highlights
- 1JPMorgan Chase reported Q4 2020 net income of $12.1 billion.
- 2Q4 2020 earnings per share (EPS) was $3.79.
- 3This represents a substantial year-over-year increase from Q4 2019 net income of $8.5 billion.
- 4Q4 2019 EPS was $2.57.
- 5The filing includes the full Q4 2020 earnings release (Exhibit 99.1).
- 6A financial supplement for Q4 2020 results is also provided (Exhibit 99.2).
- 7The attached exhibits are deemed 'filed' for SEC purposes.