JPMorgan Chase Earns 19 Percent Less to Start the YearBy
JPMorgan Chase, the largest but no longer the most profitable U.S. bank, announced a 19 percent decline in first-quarter earnings this morning, with weaker income from trading and sluggish mortgage activity. Shares fell as much as 3.7 percent in pre-market trading. Chief Executive Jamie Dimon is attempting to find the bank’s footing amid stronger rules on capital requirements and intense scrutiny from regulators.
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