The nation's largest bank by assets earned a profit of $8.3 billion in its first quarter, down from a profit of $14.3 billion, in the same period a year earlier.
The country's largest bank will stop making any financial contributions to Republican and Democratic leaders for at least six months, as other companies opt to target the Republican officials who had voted against certifying Joe Biden's election win.
Leaked documents reveal major flaws in the global effort to curb money laundering.
Profits from drug wars, fortunes embezzled from developing countries and hard-earned savings stolen in a Ponzi scheme – all passed through banks like JPMorgan Chase and HSBC, a Buzzfeed and ICIJ investigation shows.
The London-headquartered bank earlier announced the exit of CEO John Flint but gave no reason for the decision. It revealed it would axe two percent of its global workforce, or roughly 4,000 mostly management jobs.
Stocks have changed direction again and again this week as investors tried to get a sense of whether a trade dispute between the two nations will escalate.
The Dow achieved the milestone as solid earnings and optimism over US President Donald Trump's pro-growth initiatives revitalised a post-election rally.
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