JPMorgan sets aside $10.5 billion for loan losses as profit top estimates

JPMorgan sets aside $10.5 billion for loan losses as profit top estimates“Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy,” Chief Executive Officer Jamie Dimon said. Dimon also said the bank will continue to pay dividend unless “the economic situation deteriorates materially and significantly”.

from Yahoo Finance https://ift.tt/2OoOrSB

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