News Summary

Shares of JP Morgan JPM rose about 0.3% after the company reported its Q4 earnings at $1.12 per share, up from $0.74 per share, in the year-ago period. The company's net revenue increased 13% y/y to $26.1 billion. However, analysts had expected earnings of $0.99 per share on revenue of $24.2 billion. “Credit trends in our credit-card and wholesale businesses continued to improve,” said Chief Executive Jamie Dimon in the earnings release. “In our mortgage business, while charge-offs and delinquencies have improved, credit costs still remain at abnormally high levels and continue to be a significant drag on our returns.” US dollar gained against the euro after the US economic data. US retail sales in December rose 0.6% while December consumer prices gained 0.5%. According to the Federal Reserve, Industrial production rose 0.8% in December. The dollar index (DXY) gained 0.01% to 79.20. Against the dollar, the euro fell 0.0449% to $1.3358. M&T Bank Corp MTB reported its Q4 profit at $1.59 per share, up from $1.04 per share, in the year-ago quarter. However, analysts were expecting earnings of $1.44 per share. MTB shares were up about 0.2% following the results. Read more from Benzinga's Markets.