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JPMorgan profit falls 8 pct as securities trading income drops
July 15, 2014 / 11:06 AM / in 3 years

JPMorgan profit falls 8 pct as securities trading income drops

July 15 (Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported an 8 percent decline in second-quarter profit as a pullback in trading of bonds and currencies by big institutions hit revenue in its securities trading business.

Net income fell to $5.99 billion, or $1.46 per share, from $6.5 billion, or $1.60 per share, in the same quarter of 2013.

The results for both periods included special items. (Reporting by David Henry and Tanya Agrawal; Editing by Ted Kerr)

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