Strong Q4 Retail Banking Performance Helps JPMorgan Post Record Results For 2015

Another important factor behind JPMorgan's earnings beat was the sharp increase in net interest income. Although the benefits from the Fed's rate hike in late December will only reflect fully across JPMorgan's businesses over the coming months, the bank's sizable custody banking division would have gained the most from higher interest rates. Also, the bank did well to increase the size of its loan portfolio by 3% quarter-on-quarter - something that helped boost its loan-to-deposit ratio. As a re...