JP to set aside $2.4B in loan loss reserves
JPMorgan Chase & Co. will likely add $2.4 billion to its loan loss reserves in the fourth quarter, CEO Jamie Dimon said, based on continuing deterioration in home lending and credit cards.
JPMorgan Chase & Co. will likely add $2.4 billion to its loan loss reserves in the fourth quarter, chief executive Jamie Dimon said in a presentation to investors Wednesday afternoon, based on continuing deterioration in home lending and credit cards.
Credit quality on the corporate side has held u
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