Wednesday, January 14, 2015

BREAKING NEWS: JPMorgan Chase Misses as $990 Million Legal Expense Hits Earnings

The biggest U.S. bank by assets posted fourth-quarter earnings per share of $1.19, coming in well below analysts' estimates for $1.31. The results included a $990 million legal charge. Total net revenue, meanwhile came in at $22.5 billion, missing Wall Street estimates calling for $23.6 billion. JPM shares were 0.9% lower in pre-market trade.





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