JPMorgan’s revenues of $90.3 billion for the first nine months of 2020 were 4% ahead of the same period in 2019, however profits fell by 39% and return on tangible common equity came down to 11% from 19% for the first three quarters of 2019.
Taking $19.4 billion of provisions for credit losses – compared with a more normal $4.2 billion in the first nine months of 2019 – will do that to your results.
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