( ) -q-25- UNDATED (Correspondent Jeremy House) “and getting worse.’” JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago. [CutID: <Cuts> JPMORGAN-BAD-LOANS-house-q-MONam.mp3 Time: 25s Title: JPMORGAN-BAD-LOANS-house-q-MONam Out-cue: and getting worse] TAG: Correspondent Jeremy House reporting. —————————- VERBATIM: Earnings of $4.37 per share did, however, beat […]
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JPMorgan sets aside more money for potential bad loans
( ) -q-25- UNDATED (Correspondent Jeremy House) “and getting worse.'”
JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago.
[CutID: <Cuts> JPMORGAN-BAD-LOANS-house-q-MONam.mp3
Time: 25s
Title: JPMORGAN-BAD-LOANS-house-q-MONam
Out-cue: and getting worse]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Earnings of $4.37 per share did, however, beat Wall Street analysts’ forecasts and shares rose more than 4%. The bank set aside more money to cover potentially bad loans, but did say it feels the U.S. consumer is on “solid footing.” JPMorgan CEO Jamie Dimon said the bank continues to monitor geopolitical tensions that he called “treacherous and getting worse.”