JPMorgan Reports 42% Drop in Q1 Profit

JPMorgan Reports 42% Drop in Q1 Profit

JPMorgan kicked off the US bank earnings season reporting a 42% drop in its Q1 2022 net profits to $8.3bn. Net revenues fell 5% to $31.6bn. The drop in profits came after $1.5bn in provisions were made for credit losses were. The bank took a $902mn charge on credit...
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