Market Updates
JPMorgan Net Falls 28%
Scott Peters
14 Jul, 2022
New York City
JPMorgan Chase declined 3.8% to $107.67 after the bank said second quarter revenues increased 1% to $30.7 billion.
Net income in the quarter fell 28% to $8.64 billion from $11.95 billion and diluted earnings per share fell to $2.76 from $3.78.
Return on equity fell to 13% from 18% and return on tangible equity dropped to 17% from 23% a year ago.
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