JPMorgan's Trading Surge, Credit Outlook Fuels Record Profit Michelle F Davis – Bloomberg Net income surges 42% on trading gain, reserve releases; Vaccine, stimulus led to lowering credit reserve, Dimon says After four quarters under the shadow of the pandemic, the biggest U.S. bank is hardly missing a beat. JPMorgan Chase & Co. posted record profit in the fourth quarter after a surge in trading and investment-banking fees helped its Wall Street unit close out its most profitable year ever. The bank also released loan-loss reserves for the second quarter in a row, a sign that defaults won't take as big a toll as previously expected. /bloom.bg/2XF3FYq