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JPMorgan Chase Profit Rockets 42% For Fourth Quarter

JPMorgan Chase reported a record profit of $12.14 billion or $3.79 per share for the fourth quarter, going above analysts’ expectations of $2.62 per share. Revenues surge led by investment banking and trading divisions.

Citigroup Surpasses Profit Forecasts For Fourth-Quarter, Misses Revenue

Citigroup released fourth-quarter results Friday reporting profit higher than analysts predicted while revenues were below expectations. Shares fell by 4% to $66.11 after the results.