JPMorgan profit plunges on coronavirus loan provisions

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JPMorgan profit plunges on coronavirus loan provisions GlobeBusiness

Analysts on average had expected $1.84 per share, according to Refinitiv. It was not immediately clear whether those estimates were comparable to what JPMorgan reported, because of special items.The pandemic has shut down businesses, put nearly 10 million people out of work in the United States alone and is expected to cause a global recession not seen in generations.

There have so far been more than 1.8 million reported cases of COVID-19, the deadly respiratory disease stemming from the virus, and 115,242 deaths, according to a Reuters tally. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

 

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globebusiness Judging by comments here and above re another USA bank, most if not all of us despise banks and predatory capitalists in general. So let's get together and demand from out govts to finally cut them down to size by increase in tax rates they must pay to stay in biz/ live here

globebusiness

globebusiness So sad for a company who robbed its employees in 2008 to pay is executives unwarranted bonuses from the stimulus money.

globebusiness We all have to make sacrifices, and you'll have to forgive me for not caring about the profit margin.

globebusiness Oops

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