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JPMorgan Chase profits sink 70 percent

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.

Chris
Chris
One Watchable
One Watchable 4 months

It has more than enough money to be generous and help.

Sean
Sean 4 months

Awwwww I will be keeping J.P. Morgan in my thoughts today

Rational
Rational 4 months

Thoughts and prayers for the destitute wealthy.

Katharine
Katharine 4 months

Is this about Deutsch?

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