JPMorgan Profit Falls 28%, Dimon Cautious on Global Economy

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JPMorgan Chase & Co reported a bigger-than-expected 28% fall in second-quarter profit on Thursday as America's largest bank set aside more money to cover potential losses in the face of growing risks of a recession.

The bank's shares slid more than 4%as it recorded US$ 1,1 billion in provision for credit losses compared with last year when it released US$ 3 billion from its reserves.