JPMorgan Chase is reporting decrease in net income of 17 percent in its first quarter of 2016 financial report.
While there was a 17 percent decrease in the net income of its commercial bank division and decrease of 22 percent in the corporate and investment bank, asset management reported an increase of 17 percent.
Jamie Dimon, chairman and CEO of JPMorgan Chase, says in the report, “While challenging markets impacted the industry, we maintained our leadership positions and market share in the corporate and investment bank and asset management, reflecting the strength of our platform.
