|
|
|
Toxic credit hurts JPMorgan; Wells takes hit from inherited investments NEW YORK - JPMorgan Chase & Co.'s third-quarter profit tumbled 84 percent and Wells Fargo's fell 25 percent, the banks reported on Wednesday. Wells Fargo,...
NEW YORK (Reuters) - JPMorgan Chase & Co and Wells Fargo & Co posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S....
Analysts at Thomson Reuters had expected the firm to post a loss of 21 cents a share on $16 billion revenue, on average. In morning trading, J.P. Morgan shares rose 51 cents, or 1.5%, to $41.23. J.P. Morgan is on track to be...
