JPMorgan Chase & Co. reported a robust performance for the fourth quarter of 2024, achieving a net income of $14.0 billion or $4.81 per share. The full-year net income reached a record $58.5 billion, or $19.75 per share, with adjusted figures excluding significant items standing at $54.0 billion or $18.22 per share. The quarter's results were supported by a return on equity (ROE) of 17% and a return on tangible common equity (ROTCE) of 21%.

Key metrics for the year included an 18% ROE and 22% ROTCE. Fourth-quarter revenues were $42.8 billion reported and $43.7 billion managed, with a notable 10% year-over-year increase in managed revenue. Despite a competitive environment, the firm managed an overhead ratio of 53% reported and 52% managed.

Credit costs for the quarter totaled $2.6 billion, including $2.4 billion in net charge-offs and a $267 million net reserve build. The average loans and deposits each grew by 2% year-over-year, underscoring steady balance sheet growth.

Jamie Dimon, Chairman and CEO, highlighted the firm's successful year, noting significant contributions from all business lines. In the Consumer & Community Banking (CCB), there was notable growth in client investment assets and card services. The Commercial & Investment Bank (CIB) saw a surge in investment banking fees and market revenues, particularly in fixed income and equity markets.

Asset & Wealth Management (AWM) reported assets under management (AUM) of $4.0 trillion, up 18% year-over-year, driven by strong management fees and client asset net inflows.

Dimon also addressed regulatory considerations, emphasizing the importance of balanced, data-driven regulations that support economic growth without compromising the safety and soundness of the banking system.

Overall, JPMorgan Chase demonstrated strong financial health and growth across its sectors, maintaining a solid capital position and supporting its clients and communities effectively.