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JPMorgan profit falls on trading slowdown -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

(Reuters) – JPMorgan Chase & Co (NYSE:) reported a fall in fourth-quarter earnings on Friday as a weaker performance at its trading arm took the shine off a boom in investment banking.

In the third quarter ending Dec. 31, $10.4 billion or $3.33 per Share was posted by America’s largest bank. This compares to $12.1 billion or $3.79 per Share a year ago.

According to Refinitiv., the average analyst expected earnings of $3.01 a share.

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