Quarterly profit falls
Source: Agencies |
October 15, 2016, Saturday
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Print Edition
Print Edition
JPMORGAN Chase & Co, the biggest US bank by assets, saw its quarterly profit fall 7.6 percent after recording a tax expense, compared with a rare tax benefit of US$2.2 billion a year earlier.
The bank’s net income fell to US$6.29 billion in the quarter ended on September 30 from US$6.8 billion in the same quarter of 2015. Earnings per share fell to US$1.58 from US$1.68.
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