JPMorgan Chase kicked off earnings season Wednesday with some bad news: First-quarter profit fell 42% from a year ago, driven lower by Russia’s invasion of Ukraine, high levels of inflation, and supply chain problems.
The largest US bank by assets is often viewed as a bellwether for the rest of Wall Street. JPMorgan ( JPM) posted a profit of $8.3 billion, or $2.63 per share in the first quarter of 2022, compared with $14.
