(Updated - January 14, 2015 7:01 AM EST)

JPMorgan Chase (NYSE: JPM) reported Q4 EPS of $1.19, which may not compare with the analyst estimate of $1.31. Revenue for the quarter came in at $23.6 billion versus the consensus estimate of $24.01 billion.

Fourth-quarter results included as a significant item $990 million (after-tax) legal expense.

The Firm’s return on tangible common equity for the fourth quarter of 2014 was 11%, compared with 14% in the prior year. Core loans increased by 8% compared with the prior year. The Firm returned approximately $3 billion of capital to shareholders in the fourth quarter.

Jamie Dimon, Chairman and Chief Executive Officer, commented on the financial results: “Our businesses continue to demonstrate strong momentum and expense discipline. Consumer & Community Banking delivered impressive growth in deposits and investment assets in the fourth quarter and throughout 2014, while outperforming its expense reduction target for the year. Mortgage originations improved sequentially in the fourth quarter, despite a seasonally slow quarter. Our Card business delivered double-digit sales volume growth, outpacing the industry for the 27th consecutive quarter. Auto had a good quarter and the pipeline remains strong.”

Dimon added: “The Corporate & Investment Bank saw strong performance in fees, maintaining its #1 position in Global IB fees in 2014 with particular strength in Europe, although Markets remained somewhat challenged. Commercial Banking grew period-end loans 8% versus the prior year and Commercial Banking clients generated record investment banking revenues for the quarter and the year. Lastly, Asset Management had over $80 billion of net long-term inflows for the second consecutive year and overall AUM grew 9% this quarter compared to the prior year.”

Dimon concluded: “2014 was a record year for the Firm for net income and EPS. We delivered on our commitments – including business simplification, controls, expense discipline and meeting our capital targets for the year – while maintaining excellent customer satisfaction rankings. I am proud of this great company, its exceptional management team and employees, and everything we are achieving for our clients, shareholders and communities. Each of our businesses and the company are very well positioned going into 2015 for long-term growth and success.”

For earnings history and earnings-related data on JPMorgan Chase (JPM) click here.