01-01-1970 12:00 AM | Source: Reuters
JPMorgan profit falls on trading slowdown
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JPMorgan Chase & Co reported a fall in fourth-quarter earnings on Friday as a weaker performance at its trading arm took the shine off a boom in investment banking.
The largest U.S. bank by assets posted a profit of $10.4 billion, or $3.33 per share, in the quarter ended Dec. 31, compared with $12.1 billion, or $3.79 per share, a year earlier.
Analysts on average had expected earnings of $3.01 per share, according to Refinitiv.
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