JPMorgan Chase & Co.'s Chief Executive Jamie Dimon said the U.S. economy remains "resilient" but he remains wary of inflation and uncertain geopolitics. "Unemployment remains relatively low, and consumer spending stayed healthy,

America’s biggest bank plans to launch a digital retail lender in Germany, Europe’s biggest economy but one with a notoriously unprofitable banking sector.

With the U.S. economy humming along, JPMorgan Chase (NYSE:JPM) turned in stronger-than-expected Q4 earnings, with net interest income staying flat with Q3 and investment banking and capital markets-related revenue strengthening.

Fourth-quarter earnings were $14 billion, or $4.81 per share, for the three months ended Dec. 31, the largest U.S. bank said on Wednesday. That compares with $9.3 billion, or $3.04 per share, a year earlier.

Piepszak will succeed Daniel Pinto, a top lieutenant of Dimon and a four-decade veteran at the investment bank. He will relinquish his role as president and COO on June 30 and retire at the end of 2026.