JPMorgan Stock Falls on Rare Earnings Miss — SkimNews
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- JPMorgan posted a rare earnings miss that sent its stock lower, according to WSJ and CNBC coverage
- Reuters attributed the shortfall to a slowdown in investment banking momentum, with shares slipping in response
Why it matters: As the largest US bank by assets, JPMorgan's rare profit miss during the unofficial start of bank earnings season signals a sharp pullback in investment banking activity, a bellwether for Wall Street deal flow that Citigroup, Goldman Sachs and other peers will be measured against in the days ahead.
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