JPMorgan Chase’s Q4 Results Top Estimates as Investment Banking Fees Surge [Video]

JPMorgan Chase (JPM) reported fourth-quarter results Wednesday that came in above analysts’ expectations as investment banking fees rose.

The world’s biggest bank by market capitalization reported profit of $14 billion on revenue of $42.77 billion. Analysts polled by Visible Alpha expected $11.92 billion and $41.49 billion, respectively.

Net interest income—the difference between the revenue generated from interest-bearing assets and the expenses of interest-bearing liabilities—came in at $23.35 billion, above the $22.93 billion consensus estimate.

The better-than-expected results came as the firm’s investment banking revenue jumped 46% from the same time last year, as JPMorgan’s fees across its products rose 49%.

JPMorgan shares edged about 1.5% higher to $251.09 in intraday trading Wednesday following the results. They’ve gained roughly 50% over the past year.

JPMorgan CEO Jamie Dimon said the results came as the U.S. economy “has been resilient,” noting “unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday …