JPMorgan Chase earnings drop 6.7%

Posted online April 13, 2016 | 10:56 am

JPMorgan Chase reported a 6.7 percent drop in profits in the first quarter.

Net income fell to $5.5 billion from $5.9 billion a year earlier.

Revenue decreased 3 percent to $24.1 billion.

Both figures, however, topped analysts' predictions.

Read more from Reuters.

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