JPMorgan Net Income Plummets 37% Due to Tax Reform

HousingWire, Jan. 12, 2018–Kelsey Ramirez
The company reported a net income of $4.2 billion in the fourth quarter of 2017, down 37% from $6.73 billion in the third quarter and in the fourth quarter of 2016. The company explained this loss was driven by a $2.4 billion impact from the recently passed tax reform.