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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.