JPMorgan Chase & Co. set aside $10.47 billion to cover potential losses on loans to borrowers hurt by the coronavirus pandemic, cutting its second-quarter profit in half.
The nation’s biggest bank by assets is stockpiling reserves, worried about how the pandemic will affect the financial health of its consumer and corporate clients. JPMorgan put aside more than $8 billion for potential loan losses in the first quarter, which ended just weeks into the crisis.
These clueless state politicians have NO idea the carnage they've caused because govt is always the last to know. But they're going to find out this winter and next spring. Inslee, Brown, Newsom, Sandoval - all party lapdog idiots.
pdacosta TicTocTick
With the economy shutdown, how will people pay their mortgages and loans? If masks work, why are businesses closed down? hmmmm
Dead people can't pay loans. So sure carry on peasants, send your kids to school.
It is a tiny fraction of their huge profits and top salaries.
Really? How about more like an opportune time to take a large reserve, when the street expects bad numbers anyway, so you don't get penalized, to set yourself up for a release in the future, juicing the likely uptick in the economy when we come out of this..
Chief Keef sister Husband *New* Music Video
dodd/frank.......
Judicial System sentenced 3 innocents to death penalty This is not end of it,Khamenei has more than 7,000hostages under unbearable torture&all of them are at risk of execution NOW IS THE TIME BE THEIR VOICE,SAVE THEIR LIVES! NotoExecution اعدام_نكنيد
They will never take loss . They will suck middle class money .
lmao
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