JPMorgan Chase hit hard by pandemic, sets aside billions to cover loan losses as consumers struggle

The nation’s largest bank by assets said it earned a profit of $4.69 billion, or $1.38 per share. That’s down 51% from a year ago, when the bank earned $9.65 billion, or $2.82 a share. Despite the drop, the results did come in marginally higher than Wall Street analysts’ forecasts, according to FactSet.