JPMorgan profit falls to lowest since 2013 on pandemic
The damage at the bank hints at what's to come as the rest of Wall Street reports results this week
JPMorgan Chase & Co. said first-quarter profit tumbled 69% to the lowest level in more than six years as credit costs surged, giving investors a first glimpse at the extent of the damage Covid-19 is wreaking on bank results.
The company set aside $8.29 billion for bad loans, the biggest provi
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