finance.yahoo.com/news/jpmorgan-falls-trading-revenue-slump-121541170.html
JPMorgan Chase & Co. fell the most since 2020 after the company said compensation and other costs jumped in the fourth quarter. Expenses in the last three months of 2021 rose 11% from a year earlier, and the firm said to expect them to rise.

Shares of New York-based JPMorgan were down 6.6% to $157.21 at 2:46 p.m. in New York, paring the gain in the past 12 months to 11%. Analyst Mike Mayo cut his rating on the stock to equal weight from overweight and reduced the price target to $180 from $210.

The biggest U.S. bank expects net income excluding the markets to be $50 billion for the full year. That compares with a 32% advance for the KBW Bank Index in the same period. Fixed-income revenue was down 16%, worse than the 13.5% decline the bank had expected.
Tap to copy the Short Url to this post:
bto.sh/v42qbamn 
All Business News on a Single Page. Join for Free →