JPMorgan Earnings Surprise, Shares Fall Amid Investment Banking Revenue Miss

JPMorgan Chase reported Q4 earnings of $13.03bn, down 7% YoY, with adjusted earnings of $5.23 per share beating estimates. Revenue was $46.77bn, topping estimates. However, shares fell nearly 4% due to a $2.2bn charge and disappointing investment banking fees. The bank's CEO warned of potential hazards, including complex geopolitical conditions and sticky inflation. The T. Rowe Price Financials ETF holds JPMorgan at 4.9% of assets, less than half the S&P 500 Financial Index weighting.