JPMorgan Results Marred by $524 Million Loss Tied to Ukraine

Financial

(Bloomberg) — JPMorgan Chase & Co.’s first-quarter results were marred by a $524 million loss tied to market fallout from Russia’s invasion of Ukraine.Most Read from BloombergThe loss was driven by “funding spread widening” and valuation adjustments for commodities as well as derivatives linked to Russia, the company said Wednesday in a statement. About $120…

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