JPMorgan Chase (JPM) shares rose in premarket trading Wednesday after the banking giant reported fourth-quarter results that came in above analysts' expectations. The world's biggest bank by market capitalization reported profit of $14.

JPMorgan shares jumped on the bank's final financial results of 2024, climbing 2.6% before the bell. Wells Fargo’s net income nearly doubled to $5.1 billion, surpassing Wall Street forecasts. Wells Fargo Shares rose 3.

Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago

With the U.S. economy humming along, JPMorgan Chase (NYSE:JPM) turned in stronger-than-expected Q4 earnings, with net interest income staying flat with Q3 and investment banking and capital markets-related revenue strengthening.

Six large U.S. banks will be reporting their quarterly earnings this week. Interestingly, most retail investors who participated in a Stocktwits poll believe JPMorgan Chase shares will have the strongest earnings reaction this quarter among large banks.