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The bank incurred €5.2bn (£4bn) of litigation charges in 2015.
That said, we assume that 2015 will be the last big year for litigation charges".
"We took substantial litigation charges and saw reduced profits in investment banking, leading to a lower quarterly result".
"We maintain our view that 2016 will likely be the last year for mega conduct and litigation charges.
Excluding special items, including litigation charges, profit was 32 cents a share, a penny below the average Wall Street forecast.
The agency said: "We assume some banks will still incur material investment banking-related litigation charges in 2015, which, depending on timing, may well outstrip retail conduct charges.
Similar(40)
DuPont, based in Wilmington, Del., took a litigation charge of 3 cents a share in the quarter.
The Costco Wholesale Corporation said Thursday its quarterly profit fell 29percentt because of softer sales and a litigation charge.
Excluding a litigation charge, MasterCard earned $713 million or $5.65 a share, more than the $5.57 a share that Wall Street analysts were expecting.
Ms. Brooks later joined the board of JWP but left before December 1993, when the company collapsed in bankruptcy and litigation charging fraud in bookkeeping.
That is in contrast to a loss of $244 million, or 27 cents a share, a year ago, when a litigation charge pushed the company to a loss.
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