11 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co's (JPM.N) quarterly profit fell 84 percent, due to mark-downs on underperforming loans, but the results still beat analysts' forecasts.JPMorgan, whose shares slipped 2.5 percent in pre-market trading, was hit by weakness in its leveraged lending and mortgage-related portfolios, underscoring the strains of the credit crisis.
"Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters," Chief Executive Jamie Dimon said in a statement.
Read More