08:47 AM EST, 01/15/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) reported better-than-expected fourth-quarter results on Wednesday buoyed by gains across all of the banking giant's business segments.

The lender posted per-share earnings of $4.81 for the quarter ended Dec. 31, up from $3.04 the year before, ahead of the FactSet-polled consensus of $4.09. Consolidated revenue advanced 11% to $42.77 billion, topping the Street's view for $41.9 billion.

Net interest income declined 3% on a managed basis to $23.47 billion. Noninterest revenue surged 34% to $19.42 billion on a reported basis and 29% on a managed basis to $20.27 billion.

"The firm concluded the year with a strong fourth quarter," Chief Executive Jamie Dimon said in a statement. "Each line of business posted solid results."

Consumer and community banking revenue inclined 1% to $18.36 billion, as double-digit gains in home lending and card services and auto helped offset a 7% fall in banking and wealth management. The commercial and investment banking segment rose 18% to nearly $17.6 billion, boosted by a 46% jump in investment banking with fees growing 49%.

Corporate revenue climbed 13% to $2 billion, while asset and wealth management sales rose to $5.78 billion from almost $5.1 billion in the prior-year quarter. Assets under management moved 18% higher to $4 trillion, amid continued net inflows and higher market levels.

JPMorgan's ( JPM ) provision for credit losses narrowed to $2.63 billion from $2.76 billion last year, including net charge-offs of $2.4 billion and a net reserve build of $267 million.

"Unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday season," Dimon said in reference to the US economy. "Businesses are more optimistic about the economy, and they are encouraged by expectations for a more pro-growth agenda and improved collaboration between government and business."

However, persistent inflation and "dangerous and complicated" geopolitical conditions remain as risks, Dimon said. "As always, we hope for the best but prepare the firm for a wide range of scenarios."

For full-year 2025, the lender expects net interest income of about $94 billion, compared with $93 billion in the previous year, according to an earnings presentation. It also anticipates an adjusted expense of roughly $95 billion for the current year.