Candelll schreef op 13 april 2022 14:02:
JPMorgan’s Profit Drops as Economy Worsens
PMorgan (ticker: JPM) posted earnings of $2.63 per share, lower than the $2.72 per share forecast by analysts surveyed by FactSet, as the bank now has to contend with a rockier economic backdrop.
It said it set aside $902 million for potentially soured loans last quarter, due to the impacts of higher inflation and Russia’s invasion of Ukraine. The reserve increase knocked off 23 cents a share from earnings. At this time last year, the bank released $5.2 billion of reserves due to a rosier-than-expected economic climate.