News > JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

Business Standard | 13/04/2022 06:04 PM | Click to read full article

JPMorgan Chase & Co reported a fall in first-quarter earnings on Wednesday, hurt by a slowdown in dealmaking brought on by the Ukraine conflict and a decline in trading revenue. Investment banking revenue for big banks stalled after the Russian invasion of Ukraine.

In Q1, the total value of pending and completed deals amounted to about $900 billion by March 29.

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