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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.