JPMorgan, Albertsons, Delta Air Lines: Stocks That Defined the Week

JPMorgan Chase & Co.

The trading boom is slowing down. JPMorgan on Friday said its quarterly profit dropped 14%, and Citigroup ’s fourth-quarter profit fell 26% as both Wall Street giants reported falling trading revenue. Wild markets powered trading revenue and banks’ profits throughout the pandemic, but executives have said they expect a further retreat toward 2019 levels in coming months. Despite the slowdown, JPMorgan notched a record for annual profit in 2021. JPMorgan shares lost 6.2% Friday.

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