JPMorgan Shares Fall as Investment-Bank Slump Weighs on Net
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JPMorgan Chase & Co., the second-largest U.S. bank by assets, fell 4.8 percent in New York trading after the company reported that profit declined on a slump in investment banking and trading.
JPMorgan dropped $1.60 to $31.60 at 4:15 p.m. on the New York Stock Exchange. Third-quarter earnings at the New York-based lender fell to about $3.1 billion, or 73 cents a share, not including a 29-cent accounting gain, from $4.71 billion on the same basis a year earlier.