JPMorgan Chase & Co. (NYSE: JPM) reported fourth quarter 2023 earnings results today.
Net revenue, on a reported basis, increased 12% year-over-year to $38.5 billion, but fell short of estimates of $39.8 billion. Managed net revenue increased 12% to $39.9 billion.
Net income decreased 15% to $9.3 billion, or $3.04 per share, from last year. Adjusted EPS amounted to $3.97, beating projections of $3.40.
Assets under management rose 24% to $3.4 trillion.
The stock gained over 1% in morning trade on Friday.