JPMorgan kicked off the 2019 Wall Street earnings season with record profits as its vast corporate and investment bank rebounded by over 30% in the final three months of the year.

The US bank posted net profits of $36.4bn for 2019, a 12% increase on the previous period. The bank described it as its best year ever. Revenues were $115.6bn across the group for the full year, while fourth-quarter earnings of $28.3bn were ahead of analysts’ expectations.