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JPMorgan Chase to Again Book Heavy Credit Provisions in Q2

JPMorgan Chase to Again Book Heavy Credit Provisions in Q2

JPMorgan Chase (NYSE: JPM), for one, will see a relatively weak bottom line in the company's current Q2 of fiscal 2020. In an industry conference on Tuesday in New York, in answer to an analyst's question on credit-loss provisioning, the bank's CEO Jamie Dimon said this could easily be "roughly equivalent" to the steeply increased level of Q1. For banks, that quarter was marked by heavier provisioning nearly across the board.