The biggest US bank by assets, JPMorgan reported $ 8.3 billion in first-quarter profits, down 42 percent from the year-ago period. Revenues dipped five percent to $ 30.7 billion.
AFP
April 13, 2022 / 04:47 PM IST
Source: Shutterstock
JPMorgan Chase reported on Wednesday that quarterly earnings tumbled as the banking giant set aside $ 902 million for bad loans, citing “downside risks” including the Ukraine war and surging inflation.
The biggest US bank by assets, JPMorgan reported $ 8.3 billion in first-quarter profits, down 42 percent from the year-ago period. Revenues dipped five percent to $ 30.7 billion.
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