JPMorgan profit declines on lower revenues

Source: Bloomberg
© Scanpix/Reuters
JPMorgan Chase & Co, the largest bank in the United States, posted a significant 19% decrease in its quarterly profit for the first three months on this year, while income from mortgages and fixed-income trading dropped. Net profit reached $5.27 billion, down from $6.53 billion a year ago. Today, JPMorgan Chase & Co shares decline 3.5% to $55.41 per share by 13:50 GMT in New York.
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