First Quarter Earnings, Financial Institution | featured news

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First Quarter Earnings Topics

JPMorgan revises 1Q profit down amid trading probe

JPMorgan Chase on Thursday formally revised its first-quarter financial results to show a lower profit, after deciding that traders at its main investment arm had overstated the value of certain derivatives.

 

$3.3B profit for JPMorgan

JPMorgan Chase reported a $3.3 billion profit for the first quarter Wednesday, even as its results were tempered by ongoing losses in consumer loan portfolios.

 

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