0842 GMT - JP Morgan has increased its reserves to "account for increased macro uncertainty," CreditSights analysts say in a note. The increased reserves are for its consumer business and wholesale business and are mainly due to increased weighting on downside risks, the analysts say. "JP Morgan is already preparing for a rise in unemployment, adding a net reserve build of $475 million in Consumer and Community Banking," the analysts say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 04:42 ET (08:42 GMT)
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