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17 April 2024

JPMorgan profit may decline on consumer-lending

JPMorgan profit may decline on consumer-lending. (AFP)

Published
By Staff Writer

JPMorgan Chase & Co, the second- biggest US bank by assets, may show net income declined from the end of 2009 on losses from credit cards and home lending when it reports first-quarter earnings today. Profit was probably about $2.9 billion (Dh10.6bn), or 64 cents a share, according to the average estimate of 21 analysts surveyed.