JPMorgan Chase Co. JPM Get Report , the biggest U.S. bank, said fourth quarter profit tumbled the most in at least three years, as a prolonged slump in bond trading compounded the impact of big charges stemming from the U.S. tax law passed in December. Net income fell by to $. billion, the . Big Wall Street bond trading houses like JPMorgan have been plagued over the past year by a spell of unusually low price swings in fixed income and commodities markets. JPMorgan Profit Tumbles on Slump in Bond Trading, Loss of Tax Credits. Bradley Keoun. TheStreet.com .. Home Business news JPMorgan Profit Tumbles on Slump in Bond Trading, Loss of Tax Credits JPM , the most important U.S. financial institution, stated fourth quarter gain tumbled the most in at least in three decades, as a prolonged slump in bond buying and selling compounded the impression of big . The total results included costs of $. billion, or cents a shares, related to the tax bill. The amount included costs to write down the value of tax credits that are now likely to be worthless, See original post jpmorgan profit tumbles slump bond .html. SHARE..
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