The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.

JPMorgan’s net income soared 50% to more than $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 t

JPMorgan Chase’s fourth-quarter profit jumped 50%, boosted by strong revenues across its businesses, particularly on Wall Street. The earnings amounted to $4.81 a share, well above the $4.09 a share analysts polled by FactSet expected.