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Tag: JPMorgan’s profit

Activity, Corporate Banking, Investment Banking

JPMorgan’s $2.1B reserve release drives 24% profit spike

October 13, 2021

Via: Banking Dive

Starting in early 2020, the banking industry, JPMorgan Chase included, began growing its loan-loss reserves in anticipation of bad loans over the economic impacts of the COVID-19 pandemic. After setting aside billions over more than a year, banks have been […]