The US investment bank presents the data for the last quarter of the past year. Net profits, which reached 3,73 billion, show a sharp drop compared to the previous year.
Jp Morgan reported in the last quarter of 2011 net profits of 3,73 billion dollars.
The profit for the same period of 2010 was 4,8 billion. Turnover was 22 billion, unchanged from the previous year. The results fell short of expectations, so much so that CEO James Dimon called them "disappointing". However, the investment bank can console itself with the good results of mortgages and loans as well as with better credit quality.
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