Shares of the nation’s biggest bank fell in the premarket after revealing fourth-quarter earnings per share of $1.98 on managed revenue of $26.8 billion.
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That missed analyst expectations of $2.20 per share.
The revenue estimate was $26.83 billion.
The bank cited weakness in bond trading due to spikes in market volatility at the end of the year.
Bond trading revenue fell 16 percent
It was a 67 percent profit increase from a year ago, when the bank took a $2.4 billion dollar charge due to an overhaul of the U.S. tax code.
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In the year ago period, the bank reported an adjusted per share profit of $1.76 on revenue of $25.45 billion.
Concerning the government shutdown, JPMorgan Chairman and CEO Jamie Dimon said, “As we head into 2019, we urge our country’s leaders to strike a collaborative, constructive tone, which would reinforce already-strong consumer and business sentiment”, he said. “Businesses, government and communities need to work together to solve problems and help strengthen the economy for the benefit of everyone.”
Third-quarter earnings reported in October, , adjusted to exclude one-time gains and losses, rose to $2.34 on revenue of $27.3 billion. Managed revenue came in at $27.82 billion.
