In the Margins
J.P. Morgan Chase & Co. said fourth-quarter profit rose about 10% to $5.43 billion, or $1.32 per share. For the year, J.P. Morgan earned $24.44 billion, exceeding 2014 record earnings of $21.76 billion. The firm said cost-cutting helped its fourth-quarter profit beat expectations, but Chairman and CEO James Dimon said the U.S. economy is likely to worsen after years of growth. Read the original story from The Wall Street Journal.
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