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JPMorgan Sees Disappointing Profit

Credit: Wochit Business
Published on January 15, 2019 - Duration: 00:53s

JPMorgan Sees Disappointing Profit

REUTERS/Mike Segar/Files (Reuters) - JPMorgan Chase & Co (JPM.N) on Tuesday reported a 67 percent rise in fourth-quarter profit from a year ago, when it took a $2.4 billion charge due to an overhaul of the U.S. tax code.

The largest U.S. bank by assets said net income for the fourth quarter ended Dec.

31 rose to $7.07 billion, or $1.98 per share, from $4.23 billion, or $1.07 per share, a year ago.

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JPMorgan Sees Disappointing Profit

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29, 2018, PHOTO THIS PHOTO WAS TAKEN BY AP IMAGES FOR JPMORGAN CHASE & CO.

THIS IMAGE TAKEN BY AP IMAGES FOR JPMORGAN CHASE.

A JAN.

11, 2016, FILE PHOTO JAN.

14, 2015, FILE PHOTO

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