JPMorgan Reports Record Quarterly Profit in Fourth Quarter

The video discusses JP Morgan's financial performance, highlighting a record profit of $12.1 billion and a reserve takedown of $2.9 billion. It emphasizes that these figures should not be seen as recurring. The video also explores the scale of JP Morgan, noting $200 billion in deposits in the last quarter and its near $3 trillion in asset management. Jamie Dimon is recognized for leading one of the largest banks and asset managers globally.

What was the record profit reported by JP Morgan?

• $9.8 billion

• $15.3 billion

• $12.1 billion

• $10.5 billion

What is the significance of the $2.9 billion reserve takedown mentioned in the video?

• It represents a new investment

• It is a concerning non-recurring element

• It is a core recurring profit

• It is a tax adjustment

How much did JP Morgan receive in deposits in the last quarter?

• $150 billion

• $200 billion

• $250 billion

• $300 billion

What is the approximate value of assets managed by JP Morgan?

• $3 trillion

• $2.5 trillion

• $3.5 trillion

• $2 trillion

What dual role is Jamie Dimon known for?

• Overseeing a bank and a media company

• Running one of the largest banks and asset managers

• Managing a bank and a retail chain

• Leading a tech company and a bank