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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.
In early trading on Monday, shares of JPMorgan Chase (JPM) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.4%. Year to date, JPMorgan Chase registers..
Credit: Market News Video Duration: 01:02Published
Banking giant JPMorgan has reclaimed the crown from Goldman Sachs as the leading merger advisor during the first quarter of 2019. Business Insider reports that the bank increased its merger-deal volume..