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JPMorgan bank shows unexpected drop in profit over legal costs

Wednesday, January 14, 2015 12:26
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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




Source: http://luismmx.blogspot.com/2015/01/jpmorgan-bank-shows-unexpected-drop-in.html

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