Market Updates
JPMorgan Net Falls 42% On Lower Merger and Trading Revenues
Barry Adams
13 Apr, 2022
New York City
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JPMorgan Chase revenues decreased 5% to $30.8 billion in the March quarter from a year ago and net income fell 42% to $8.2 billion. Earnings per share in the quarter declined to $2.63 from $4.50 in the quarter a year ago. Credit loss provision was $1.5 billion including $902 million of reserves for losses linked to higher inflation, Ukraine war, and Russian assets and bond exposure.
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Earnings
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