JPMorgan profit plunges on coronavirus loan provisions
13 Apr JPMorgan profit plunges on coronavirus loan provisions
Posted at 10:58h
in
News
by KMFSLLP
JPMorgan Chase & Co reported a
68% slump in first-quarter profit on Tuesday as the coronavirus
pandemic forced the largest U.S. bank to boost reserves to
cushion it from a wave of potential loan defaults.
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