JPMorgan profit plunges on coronavirus loan provisions
JPMorgan Chase & Co reported a
68% slump in first-quarter profit on Tuesday as the coronavirus
pandemic forced the largest U.S. bank to boost reserves to
cushion it from a wave of potential loan defaults.
68% slump in first-quarter profit on Tuesday as the coronavirus
pandemic forced the largest U.S. bank to boost reserves to
cushion it from a wave of potential loan defaults.
Posted by Reuters
