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JPMorgan Chase & Co closed out the most profitable year in US banking history with its seventh consecutive quarter of record net interest income and a surprise forecast that the windfall may continue this year.

NII – the difference between what banks earn on loans and pay out on deposits – came in at $US24.2 billion ($36 billion) in the final three months of the year, the company said in a statement on Friday. The haul for all of 2024 may rise to about $US90 billion, according to the bank, while analysts had been expecting a 2 per cent drop.

https://www.afr.com/companies/financial-...113-p5ewya