Sina US stock news on the 15th,J.P. MorganwrestBank of AmericaThe best performing year in the history of the industry.

J.P. Morgan said that driven by a rebound in trading business, especially fixed income, the company's profit increased 21% in the fourth quarter of last year, driving annual revenue to a record 36.4 billion US dollars.

J.P. Morgan's announcement set a high tone for the US banking industry performance report this week, although analysts expect 2020 results to be lackluster.

J.P. Morgan's fixed income trading revenue for the fourth quarter of last year was $1 billion higher than analysts' expectations, as the bank benefited from active trading and rising securitized products and interest rates in the last few weeks of last year. This marks J.P. Morgan's complete comeback from the low in the fourth quarter of 2018, when customers were discouraged by wild market fluctuations, and J.P. Morgan's bond trading department recorded the lowest quarterly revenue since the financial crisis.

“They really hit a home run,” Bloomberg Industry Research Analyst Alison-Williams(Alison Williams) said. “Another key positive factor, which appears to be more sustainable, is that interest income appears to be stabilizing. It was a big problem last year.”

As of press release, J.P. Morgan's stock price rose 1.92% to $139.84, with a cumulative increase of 38% over the past 12 months.