Mortgage income was down at JPMorgan Chase & Co., which doesn’t expect much impact from the new tax law. Home lending and servicing declined.
Prior to income tax expense, the New York-based organization earned $8.3 billion during the three months ended Dec. 31, not as much as $8.7 billion the same quarter in 2016.
Those details, as well as other financial and operational metrics, were covered in Chase’s fourth-quarter 2017 earnings report released on Friday.
Source: Mortgage Daily