JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier, when the firm had a $2.9 billion FDIC assessment tied to regional bank failures. Revenue climbed 10% to $43.74 billion, helped by Wall Street operations and better-than-expected net interest income of $23.47 billion, exceeding the StreetAccount estimate by almost $400 million. Shares of the bank rose 1.1% in morning trading. JPMorgan was already the biggest American bank by assets when it won an auction to take over First Republic out of Federal Deposit Insurance Corp. receivership in 2023. So while it paid the largest FDIC assessment among its peers a year ago to shore up the deposit insurance fund, it was also…
