JP Morgan’s Dickensian tale

It wasn’t the best of times, it wasn’t the worst of times for the US bank in the fourth quarter

It wasn’t the best of times. It wasn’t the worst of times.

Headwinds facing banks showed no signs of abating in fourth-quarter results reported Wednesday by JP Morgan, crimping profitability even as business grows. Even so, the pinch doesn't appear to portend something dire.

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