JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further invest in business and communities, while returning capital to shareholders.
Fourth quarter earnings per share was $3.79 compared to $2.57, last year. The company noted that its fourth quarter results included $2.9 billion of credit reserve releases Firmwide which resulted in $0.72 increase in earnings per share. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $2.62, for the quarter. Analysts' estimates typically exclude special items. Net income was $12.14 billion compared to $8.52 billion, a year ago.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.