JPMorgan Chase to Again Book Heavy Credit Provisions in Q2
Investors looking for a quick return to high profit margins at big banks could be in for a big disappointment.
JPMorgan Chase (NYSE: JPM), for one, will see a relatively weak bottom line in the company's current Q2 of fiscal 2020. In an industry conference on Tuesday in New York, in answer to an analyst's question on credit-loss provisioning, the bank's CEO Jamie Dimon said this could easily be "roughly equivalent" to the steeply increased level of Q1.
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Source Fool.com
