JPMorgan Chase Q4 Profit Down 76%

By Hercules K, BUSINESS 2.0 PRESS
Published: January 15 2009, 11:50 am EST

JPMorgan Chase has just unveiled Q4 results. Total revenue was down just less than 1% to $17.2 billion from $17.4 billion. However, as a result of writing off bad loans, Q4 net profit was down from $3 billion in Q4 07 to $702 million (7 cents per share). JPMorgan also said it expects $1 billion+ of gains from its Bear Stearns acquisition in 2009. JPMorgan’s Tier 1 Capital was $136.2 billion in 2008.

Tags: jpmorgan chase

Questions about this post? Please contact Hercules K at hercules@business2press.com

Google Buzz

Email |

| | | More

Short URL: http://bit.ly/2oc8MH