JP Morgan Stock To Remain 'Range Bound' Until Clarity On Credit Card APR: Analyst

JP Morgan Chase & Co. (NYSE:JPM) shares are trading lower on Wednesday. The company reported fourth-quarter results on Tuesday.Earnings SnapshotOn Tuesday, the company clocked a net income of $13.0 billion, or $4.63 per share, down 7% year over year (Y/Y). The adjusted earnings per share were $5.23, beating the $4.92 analyst estimate.60 cents difference pertains to the $2.2 billion credit reserve established for the forward purchase commitment of the Apple credit card portfolio.Looking ahead, JPMorgan expec ...