REFILE-UPDATE 1-JPMorgan profit plunges on coronavirus loan provisions
JPMorgan Chase & Co’s quarterly
profit slumped by more than two-thirds as the coronavirus
pandemic and record low oil prices forced the largest U.S. bank
to boost reserves to protect it from a wave of potential loan
defaults.
profit slumped by more than two-thirds as the coronavirus
pandemic and record low oil prices forced the largest U.S. bank
to boost reserves to protect it from a wave of potential loan
defaults.
Posted by Reuters
