JPMorgan Chase has reported a 58% year-over-year profit surge for the fourth quarter of 2024, with revenue reaching $43.7 billion and net income increasing by 50% to $14 billion. The strong performance was largely driven by growth in investment banking. In a broader context, other major banks also reported substantial earnings, with Morgan Stanley showing a 145% increase in net income, Bank of America at 112%, and Goldman Sachs at 105%. In contrast, Citigroup reported a decline of 9% in net income. Additionally, Charles Schwab's fourth quarter results revealed an adjusted earnings per share of $1.01, surpassing estimates of $0.91, and revenue of $5.33 billion, exceeding expectations of $5.19 billion. KeyCorp also reported positive results with an adjusted EPS of $0.38 and adjusted revenue of $1.78 billion, although securities losses impacted their GAAP income.