US investment bank JPMorgan Chase & Co. (JPM), on Wednesday, reported a lower profit for the first quarter, largely reflecting a net credit reserve build of $902 million versus a net credit reserve release of $5.2 billion in the prior year.
The company's Q1 net income was $8.28 billion or $2.63 per share compared to $14.3 billion or $4.50 per share last year.
Managed net revenue for the quarter was $31.6 billion, down 5% from the previous year's $33.1 billion. Reported net revenue decreased 5% to $30.7 billion from $32.3 billion generated a year ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.