Dimon said in a statement that "the US consumer remains in a strong position," adding that "the robust holiday season" led to a 10% increase in credit card transactions during the quarter.
The bank also saw a sharp increase in demand for corporate and investment banking services. Revenues in this area increased 31% year over year, primarily due to the sharp increase in trading revenues and fees from subscribing to stock and bond offers.
Dimon said the bank was still facing "a persistently high level of complex geopolitical problems," but added that "global growth has stabilized, albeit at a lower level."
He also pointed out that "phase 1" trade between the United States and China is good news for the bank.
Overall, the bank reported fourth quarter sales of $ 29.2 billion, up 9% year over year and net income of $ 8.5 billion, or $ 2.57 per share. Analysts had expected sales of $ 28 billion and earnings per share of $ 2.35.
JPMorgan Chase shares rose 1% in early trading. The bank started a busy week of earnings for financial companies.