JPMorgan Chase executives painted a positive picture of the American economy and the bank’s business at their annual investor day, but they failed to beat back the pessimism that has battered bank shares and the broader stock market in recent months.
The bank, America’s largest, saw its share price fall throughout its investor day on Tuesday after disclosing during the morning that it is putting aside an additional $500 million to cover potential losses from falling oil prices. The stock ended the session down 4.2 percent, falling more than the broad indexes.
