The bank posted earnings on January 14.
TheStreet's Jacob Sonenshine and GraniteShares CEO Will Rhind joined TheStreet to talk about the big bank.
JPMorgan posted stronger-than-expected earnings, thanks in part to a surge in fixed income trading, and said the U.S. consumer continues to be in a strong position heading into 2020.
JPMorgan said earnings for the three months ending in December came in at $2.57 per share, up 29.8% from the same period last year and well ahead of the Street consensus forecast of $2.35 per share. Group managed revenues, JPMorgan said, rose 9% to $29.2 billion, against topping analysts' forecasts of a $27.96 billion tally.
“JPMorgan Chase produced strong results in the fourth quarter of 2019, capping off a solid year for the Firm where we achieved many records, including record revenue and net income," said CEO Jamie Dimon. "While we face a continued high level of complex geopolitical issues, global growth stabilized, albeit at a lower level, and resolution of some trade issues helped support client and market activity towards the end of the year."
Watch the full video for Rhind's explanation.