JPMorgan’s Fourth Quarter Profit Falls As Legal Costs Rise – ValueWalk Premium
JPMorgan

JPMorgan’s Fourth Quarter Profit Falls As Legal Costs Rise

JPMorgan, the biggest U.S. bank by assets, unveiled its fourth-quarter results Wednesday, reporting a 6.6% drop in quarterly profit hit by higher-than expected legal expenses. Kicking off fourth-quarter reporting season for financial services sector, JPMorgan also reported lower revenue from its mortgage business, with the national housing market stuck in a slow period.

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