| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
JPMorgan bank shows unexpected drop in profit over legal costs
Wednesday, January 14, 2015 12:26
% of readers think this story is Fact. Add your two cents.
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
