J P Morgan Chase & Co reported earnings results for the fourth quarter and full year of 2015. Net income for the quarter was $5.43 billion, or $1.32 per share, up from $4.93 billion or $1.19 per share last year. Revenues were $22.89 billion, practically unchanged from $22.75 billion reported for the same period last year. Return on tangible common equity of 11% on $23.7 billion of revenue.

For the full year, the firm earned record net income of $24.4 billion and record EPS of $6 a share and a return on tangible common equity of 13.5% on revenue of nearly $97 billion. Revenue was down 1% or $1.3 billion, driven by noncore items, most notably by business simplification in the investment bank and also in private equity.

For the first quarter of 2016, the company expects firm-wide net interest income and net interest margin to be flat to slightly up sequentially; corporate and investment bank securities services revenue to approximately $900 million.