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JPMorgan earnings miss forecasts on Apple Card costs, Dimon warns markets 'underappreciate' risks
Yahoo Finance· 2026-01-13 12:23
JPMorgan Chase (JPM) reported earnings Tuesday morning that capped off a record year for the firm while reporting a hit to net income resulting from its deal to take over the Apple Card portfolio from Goldman Sachs, which it announced last week. Net income for the firm came in at $13 billion, including the $2.2 billion in credit losses it planned for as a result of the deal. Excluding these costs, JPMorgan said its net income would've tallied $14.7 billion in the quarter. Earnings per share, excluding t ...