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StockWatch: JP Morgan Drops by 6% on Earnings Call!

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JP Morgan shares dropped after the bank posted its smallest quarterly earnings beat in nearly two years. Higher-than-expected expenses drove a 14% decline in Q4 profits to $10.4 billion.

Wells Fargo however exceeded analysts’ expectations with a significant jump in profit.

Shares of the bank climbed by 3.7% following the earnings announcement.

Timestamps:

  • JPM 01:35
  • WFH 03:00

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