JPMorgan Sets Aside More for Bad Loans and Suspends Buybacks after Earnings Miss

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #40211
    ThePitBoss
    Participant

    JPMorgan Chase kicked off second quarter earnings with worse than expected earnings. Investment-banking fees were down sharply, much like competitor M
    [See the full post at: JPMorgan Sets Aside More for Bad Loans and Suspends Buybacks after Earnings Miss]

    #40435
    TradersCom
    Keymaster

    “JPMorgan Chase & Co’s Jamie Dimon struck a cautious note on the global economy as America’s largest bank reported a worse-than-expected 28% fall in quarterly profit and suspended share buybacks in the face of growing risks of a recession. The chief executive also stressed the need to build capital reserves due to increasing requirements from regulators, while flagging a number of concerns including the war in Ukraine, high inflation and the ‘never-before-seen’ quantitative tightening as threats to global economic growth.”

    July 14 – Reuters (Noor Zainab Hussain and David Henry):

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.