JPMorgan profit falls in Q1 on lower trading revenue, slowdown in deal activity

MarketWatch

JPMorgan Chase earnings fall short of target

JPMorgan Chase & Co. shares dropped 1.3% in premarket trades on Wednesday after the bank reported lower first-quarter profit that missed Wall Street’s estimate. The bank also warned about economic challenges on the horizon. JPMorgan, which is a component of the Dow Jones Industrial Average , said its first-quarter earnings fell to $8.28 billion, or $2.63 a share, from $14.3 billion, or $4.50 a share, in the year-ago quarter. Revenue dropped to $30.7 billion from $32.27 billion. Analysts expected