<h1>JPMorgan Reports Record 2024 Profits: Q4 Net Income Surges 50% to Over $14B, Beating Wall Street Estimates.</h1> JPMorgan reported record annual profits for 2024, with net income in the fourth quarter rising 50% to over USD 14 billion, surpassing Wall Street forecasts. Earnings per share increased to USD 4.81, beating expectations of USD 4.09. Total managed revenue reached USD 43.7 billion. The bank's annual profit was USD 54 billion. Despite a 3% decline in interest income, investment banking and consumer banking saw significant growth. Wells Fargo also exceeded profit expectations with a 50% rise in net income to USD 5.1 billion. JPMorgan's CEO highlighted a strong US economy and emphasized balanced regulation.