JPMorgan Chase is trading at $314.24 (-3.16%) after reporting mixed Q4 results, where a beat on EPS was overshadowed by a revenue miss and a major credit reserve charge.
- A $2.2 billion credit reserve related to the Apple Card portfolio deal significantly weighed on the quarterly results.
- The stock's decline aligns with broader banking sector pressures and occurred while the Dow was down 0.71%.
- CEO Jamie Dimon highlighted strong execution despite facing various economic challenges.