This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

JPMorgan Reports Record Quarterly Profit of $5.7B: Hot Trends

Stocks in this article: JPM BA GM

NEW YORK ( TheStreet) -- Popular searches on the Internet include JPMorgan Chase (JPM) after the bank reported record profit of $5.7 billion in the fourth quarter, a 53% increase from a year earlier.

In a statement, CEO Jamie Dimon attributed the results to strong performance across virtually all of the bank's businesses, with strong lending and deposit growth. The bank reported strong revenue growth as well, with a 10% rise from the year before to $23.7 billion.

In light of the $6.2 billion trading loss in the third quarter that resulted from a bad derivatives bet, the bank slashed Dimon's compensation for the year to $11.5 million from $23 million.

Despite the trading loss, JPMorgan still reported earnings of $21.3 billion, compared to $19 billion in 2011. Earnings have been largely boosted by an increase in mortgage lending, thanks to lower interest rates brought down by federal programs.

Boeing (BA) is trending as the company's new 787 Dreamliner jets have been grounded in Japan for safety checks.

The incident is the latest in a series of problems plaguing the Dreamliner, which is Boeing's most technologically advanced jet. Two Japanese airlines grounded all of their Boeing 787 aircraft for safety checks after All Nippon Airways said a cockpit message indicated a jet had battery problems mid-flight and a burning smell arose.

Japan's transport ministry said ANA notified it that it would not be flying all 17 of its Dreamliner jets, while Japan Airlines said it was grounding all seven of its planes as well.

Reports of battery fire and fuel leaks have already been plaguing the Dreamliner, which was recently launched after more than three years of delays.

Boeing said it is aware of the problems and will be working with their customer and the appropriate regulatory agencies on the issue.

General Motors (GM) is another popular search. The company told analysts at the Detroit auto show that it anticipates only a modest increase in pretax profit this year.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs