CEO Jamie Dimon also cited economic worries, including the Ukraine war and inflation, in the big bank's move to conserve cash.
For the most part, the news is pretty good.
They've been among the most aggressive employers when it comes to bringing workers back into face-to-face contact.
Some big banks will give credit cards to people who lack credit scores, looking instead at savings and checking account history.
JPMorgan Chase CEO buys a bunch of his bank's stock.
The record settlement could help the bank avoid future lawsuits.
Allan Sloan, senior editor at large for Fortune magazine, explains why he voted to allow Jamie Dimon to keep his dual role as CEO and Chairman of JPMorgan Chase.
Jamie Dimon faces shareholder judgment on whether he should remain chairman -- as well ask CEO -- of JPMorgan Chase. It's a symbolic vote, but important to a banker who prefers control.