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Tag: JPMorgan’s trading

Activity, Trading

JPMorgan shares drop after bank warns borrower defaults could get ‘meaningfully’ worse

April 14, 2020

Via: CNBC

JPMorgan Chase on Tuesday posted first-quarter profit that was well below analysts’ expectations, although the bank’s revenue held up amid the coronavirus pandemic. The earnings drop was caused by a massive $6.8 billion addition to the bank’s credit reserves. The […]