JPMorgan Chase profits sink 70 percent

JPMorgan Chase reported a profits fall of nearly 70% in the first quarter of 2020 as the coronavirus ravaged the US economy. CEO Jamie Dimon said he sees the economy worse before they get better. The bank has set aside almost $6.8 billion in anticipation of massive loan defaults as restaurants and other small businesses remain shuttered.

JPMorgan Chase profits sink 70 percent

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