Author Archives: By KEN SWEET, AP Business Writer

JPMorgan earnings fall 42% as bank writes off Russian assets

NEW YORK (AP) — JPMorgan Chase said its first-quarter profits fell 42% year over year, in part because the bank lost nearly $1.5 billion in assets due to higher inflation and the Russo-Ukrainian war – Dollar has written off. The country’s largest bank by assets said it posted profit of $8.3 billion, or $2.63 per… Read More »