JPMorgan Profit Down 17% As Dealmaking Slumps
View Source | October 18, 2022 7:01 am
- Profit for the quarter ended Sept. 30 was $9.74 billion, or $3.12 per share, compared with $11.69 billion, or $3.74 per share, a year earlier, the bank said.
- Analysts had expected $2.88 per share. It was not immediately clear if the reported numbers were comparable to estimates.
- The bank set aside $808 million in reserves, as the U.S. Federal Reserve’s efforts to cool the economy through interest rate hikes have stoked fears of an economic downturn.
Continue to Article
Share This Article: