JPMorgan Q1 results marred by $524 million loss tied to Ukraine
JPMorgan’s fixed-income traders pulled in $5.7 billion in the first three months of the year, crushing analysts’ estimates by $1 billion.
JPMorgan Chase & Co.’s first-quarter results were marred by a $524 million loss tied to market fallout from Russia’s invasion of Ukraine.
The loss was driven by “funding spread widening as well as credit-valuation adjustments relating to both increases in commodities exposures and markd
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