Why JPMorgan Chase Stock Sank 6% Today

Chase Bank may soon pay you more interest on your deposits. And this is bad news?Stock of JPMorgan Chase & Co. (JPM -5.33%) -- America's biggest bank both by revenue and by market cap -- is tumbling on Friday, down 5.8% through 11:05 a.m. ET despite the bank reporting big beats on both revenue and earnings for its first quarter of fiscal 2024.Heading into the quarter, analysts had JPMorgan pegged for a $3.82-per-share profit on revenue of$38.5 billion. But then the bank reported profits of $4.63 per share ...