JPMorgan fourth-quarter earnings fell 23 percent

0

(Reuters) – JPMorgan Chase & Co’s (JPM.N) fourth-quarter earnings fell 23 percent, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making.

However, Chief Executive Jamie Dimon said loan demand was improving. “As the economy continues to recover, we are gratified to see signs of improvement in loan demand and credit quality,” he said in a statement on Friday.

JPMorgan, the first major U.S. bank to announce results for the period, said net income was $3.72 billion, or 90 cents a share, down from $4.83 billion, or $1.12 a share, a year earlier.

Alluvial Fund May 2021 Performance Update

Alluvial FundAlluvial Fund performance update for the month ended May 2021. Q1 2021 hedge fund letters, conferences and more Dear Partners and Colleagues, Alluvial Fund, LP returned 5.4% in May, compared to 0.2% for the Russell 2000 and 1.0% for the MSCI World Small+MicroCap . . . SORRY! This content is exclusively for paying members. SIGN UP Read More


Read More: http://www.reuters.com/article/2012/01/13/us-jpmorgan-idUSTRE80C0RL20120113

ValueWalk Premium Subscription Includes:

  • 3 Write-ups per month (EXCLUSIVE content that you won’t find anywhere else)
  • Personal Track Record from Jacob’s Brokerage
  • Any question you have answered within 48 hours
JPMorgan fourth-quarter earnings fell 23 percent

No posts to display