THE WALL STREET JOURNAL - J.P. Morgan Chase's fourth-quarter profit fell as revenue also dropped and the firm was weighed down by $990 million in legal costs.
J.P. Morgan reported a profit of $4.93 billion, compared with a year-earlier profit of $5.28 billion. On a per-share basis the bank's profit was $1.19. Analysts polled by Thomson Reuters had expected earnings of $1.31 a share.
Revenue slipped to $23.55 billion. Analysts had expected $23.64 billion
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