Comment on JPMorgan Chase hit hard by pandemic, sets aside billions to cover loan losses as consumers struggle

JPMorgan Chase hit hard by pandemic, sets aside billions to cover loan losses as consumers struggle

JP Morgan Chase said it earned a profit of $4.69 billion, or $1.38 per share. That’s down 51% from a year ago. The results offer a glimpse into how badly the pandemic is impacting the financial health of American consumers and businesses.

 

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