13.04.2016 - Report of J.P. Morgan Chase & Co. earnings disappoint investors
In J.P. Morgan Chase & Co. reported a decrease in profit for the first quarter of this year against the background of weak performance in investment banking. Thus, the profit of the largest US bank, by assets, totaled 5.52 billion dollars compared with 5.91 billion in the same period last year. Revenue fell to 24.08 billion, which was better than analysts' forecast of 23.40 billion. Given the uncertainty about the situation on the stock markets, we do not exclude the bank shares price fall by 10-12% in the near future.