Surging fixed income trading revenues in the final quarter of 2016 helped JP Morgan's corporate and investment bank nearly double its net profits, matching the unit's performance in the previous three months and pushing profits for the year beyond $10 billion.

JP Morgan chairman and chief executive Jamie Dimon noted, alongside the bank's results on January 13, the "continued momentum from Q3" at its CIB division, where profits soared 96% from a year earlier to a record $3.4 billion in the three months to December 31.