JPMorgan and Wells Fargo Report Surging Profits Amid Optimistic Economic Outlook ...Middle East

JPMorgan's net income surged by 50 percent to over USD 14 billion in the fourth quarter, breaking Wall Street's expectations. The bank's earnings per share climbed to USD 4.81 from USD 3.04 a year ago, easily surpassing the projected USD 4.09 a share, according to FactSet data.

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