JPMorgan misses estimates, caused by trading troubles
This Thursday, Nov. 29, 2018, photo shows a Chase bank location in Philadelphia. JPMorgan Chase reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke)/ NEW YORK (AP) — JPMorgan Chase & Co.'s fourth-quarter profits badly missed analysts' forecasts on Tuesday, caused by weakness in the bank's bond-trading business. The nation's largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4.23 billion, or $1.07 a share, in the same period a year earlier. Last year's results were ...
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