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JPMorgan Sees Disappointing Profit
REUTERS/Mike Segar/Files (Reuters) - JPMorgan Chase & Co (JPM.N) on Tuesday reported a 67 percent rise in fourth-quarter profit from a year ago, when it took a $2.4 billion charge due to an overhaul of the U.S. tax code.
The largest U.S. bank by assets said net income for the fourth quarter ended Dec.
31 rose to $7.07 billion, or $1.98 per share, from $4.23 billion, or $1.07 per share, a year ago.
Banking giant JPMorgan has reclaimed the crown from Goldman Sachs as the leading merger advisor during the first quarter of 2019. Business Insider reports that the bank increased its merger-deal volume..
JPMorgan reclaimed the crown from Goldman Sachs as the leading merger advisor during the first quarter of 2019. The bank increased its merger-deal volume by 33% to overtake rival Goldman, whose volume..