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JPMorgan's profit dipped 4 percent, or $1.02 a share, in the third quarter, in part because of lingering mortgage problems.
Last week JPMorgan Chase reported that its third-quarter profit dipped 4 percent, to $4.26 billion from the year ago period.
The company also revealed a 3.8 per cent rise in first-half revenue to £692.3m, although pre-tax profit dipped 9.8 per cent to £100m.
Its life and health insurance profit dipped to $55.7 million from $60.7 million because of losses in its group medical and dental businesses.
Excluding business realignment costs and other one-time items, profit dipped to 33 cents a share, from 34 cents, beating analysts' expectations by a penny.
The Kroger Company, the nation's largest traditional grocer, said Friday that its profit dipped slightly in the second quarter as it faced higher expenses and an increased tax rate.
Similar(47)
And there's already evidence of that, with revenue slipping 3 percent and pretax, preprovision profit dipping 8 percent from last year's fourth quarter.
That's why Apple's revenue dipping $8 billion only equated to profit dipping less than $2 billion.
Profits dipped.
Profits dipped below expectations.
Pre-tax profits dipped from £11.9m in 2014 to £10.7m last year.
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