offline
RE: boersenkater´s Trading-Pausen-Thread
| 14.07.2022, 13:31 (Dieser Beitrag wurde zuletzt bearbeitet: 14.07.2022, 13:32 von boersenkater.)
JPMorgan profit falls 28%, Dimon cautious on global economy
July 14 (Reuters) - JPMorgan Chase & Co reported a bigger-than-expected 28% fall in second-quarter profit on Thursday as America's largest bank set aside more money to cover potential losses in the face of growing risks of a recession.
The bank's shares slid more than 4%as it recorded $1.1 billion in provision for credit losses compared with last year when it released $3 billion from its reserves.
The four biggest U.S. banks are expected to record $3.5 billion of loss provisions for the quarter, as they brace for a sharp economic slowdown with the U.S. Federal Reserve aggressivelyraising interest rates to control runaway inflation........
.......The bank posted a profit of $8.6 billion, or $2.76 per share, missing the average analyst expectation of $2.88 per share, according to Refinitiv..........
https://www.reuters.com/business/finance...022-07-14/
July 14 (Reuters) - JPMorgan Chase & Co reported a bigger-than-expected 28% fall in second-quarter profit on Thursday as America's largest bank set aside more money to cover potential losses in the face of growing risks of a recession.
The bank's shares slid more than 4%as it recorded $1.1 billion in provision for credit losses compared with last year when it released $3 billion from its reserves.
The four biggest U.S. banks are expected to record $3.5 billion of loss provisions for the quarter, as they brace for a sharp economic slowdown with the U.S. Federal Reserve aggressivelyraising interest rates to control runaway inflation........
.......The bank posted a profit of $8.6 billion, or $2.76 per share, missing the average analyst expectation of $2.88 per share, according to Refinitiv..........
https://www.reuters.com/business/finance...022-07-14/
__________________
