JPMorgan Chase & Co. fell the most since 2020 after the company said compensation and other costs jumped in the fourth quarter ahead of an expected surge this year.
Expenses in the last three months of 2021 rose 11% from a year earlier, and the firm said to expect them to rise to about $77 billion this year excluding legal costs, which would be an 8.6% increase. Worse-than-expected trading results and muted loan growth added to pressure on the company’s stock.
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January 14, 2022 at 07:15PM
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JPMorgan (JPM) Falls on Trading Revenue Slump, Muted Loan Growth - Bloomberg
"Trading" - Google News
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