(Reuters) – JPMorgan Chase’s profit dropped in the third quarter as it built up provisions for potential loan defaults, the bank said on Friday.
Profit was $12.90 billion for the three months ended Sept. 30, compared with $13.15 billion a year ago.
(Reporting by Niket Nishant in Bengaluru and Nupur Anand in New York, Editing by Lananh Nguyen and Arun Koyyur)
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