JPMorgan posts record annual profits

JPMorgan’s net income soared 50% to more than US$14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year as businesses and consumers...

Citigroup beats Q4 profit, revenue

Citigroup on Wednesday reported stronger-than-expected fourth-quarter profit and revenue, while authorizing a $20 billion share buyback program, sending its shares by more than 2% before the bell. The bank posted a net income of $2.9 billion, or $1.34 per share,...

Syndicated lending hits record level in 2024

JP Morgan tops global league tables. Globally, syndicated lending reached a record high in 2024, as financing proceeds rose 32% in the year to US$5.9 trillion, according to data from LSEG Data & Analytics. The financial sector led the way with US$1.3...