REUTERS/Lucas Jackson JPMorgan CEO Jamie Dimon.
The firm announced earnings per share of $1.32 on revenue of $23.7 billion.
Analysts were expecting adjusted earnings per share of $1.28 on revenue of $23.24 billion, according to Bloomberg.
"We had a good quarter as 2015 came to a close," CEO Jamie Dimon said in a statement. "The businesses generated strong loan growth and credit quality, except for some stress in energy. The consumer business continues to gather deposits, outpacing the industry. Markets were somewhat quieter, and we saw the impact reflected in the results of our trading and Asset Management businesses."
In a tweet, the firm announced it had reported record net income for 2015 of $24.4 billion and record earnings per share of $6.00 on revenue of $96.6 billion for the year.
Total trading revenue was expected to be $3.72 billion, according to a Bloomberg survey of analysts, while FICC is expected to come in at $2.48 billion and equities at $1.24 billion.
Investment banking revenue, meanwhile, is expected to be $1.45 billion.
In the same quarter last year, JPMorgan missed on the top and bottom lines, reporting earnings of $1.19 a share ($1.31 expected) on revenue of $23.5 billion ($23.66 billion expected).
JPMorgan also missed expectations in the third quarter, reporting adjusted earnings per share of $1.32 on revenue of $23.5 billion. The firm chalked that up to lower mortgage and corporate investment bank revenues.
It also said it had upped it reserves in the wholesale business by more than $300 million, "driven by select downgrades, including oil and gas."
"We saw the impact of a challenging global environment and continued low rates reflected in the wholesale businesses' results, while the consumer businesses benefited from favorable trends and credit quality," CEO Jamie Dimon said in a statement at the time.
Wells Fargo and Citigroup will report fourth-quarter earnings at 8 a.m. on Friday.