Thread regarding JPMorgan Chase & Co. layoffs

JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks

  • JPMorgan earnings fell short of analyst expectations as the bank built reserves for bad loans by $428 million.
  • Shares of the bank fell nearly 5% in trading Thursday, hitting a fresh 52-week low.
  • Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy “sometime down the road.”

https://www.cnbc.com/2022/07/14/jpmorgan-jpm-2q-2022-earnings.html

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Post ID: @OP+1hILj9BR

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Don’t care. Just give me my paycheck

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