Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
Beset by legal costs exceeding $1 billion over the alleged rigging of foreign exchange markets, JPMorgan Chase reported a 6.6 percent fall in quarterly profit, leading CEO Jamie Dimon to claim that “banks are under assault.”
The biggest U.S. bank by assets reported earnings of $4.93 billion, or $1.19 a share, for the three-month period ending in December. This is less than most analysts expected. Last year, JPMorgan’s fourth-quarter profits hit $5.28 billion, or $1.30 a share …. http://rt.com/usa