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JPMorgan Profit Falls 28%, Dimon Cautious on Global Economy

Kamis, 14 Juli 2022 | 18:43 WIB
JPMorgan Profit Falls 28%, Dimon Cautious on Global Economy

ILUSTRASI. JPMorgan Chase & Co reported a bigger-than-expected 28% fall in second-quarter profit on Thursday. REUTERS/Eric Thayer/File Photo GLOBAL BUSINESS WEEK AHEAD

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.

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