JPMorgan Profit Falls 6.6 Percent, Hit by Legal Costs

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JPMorgan Chase, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit, hit by legal costs of nearly $1 billion in the wake of government probes into alleged wrongdoing, and as it set aside more money to cover bad loans. The bank's net income fell to $4.93 billion, or $1.19 per share, in the fourth quarter from $5.28 billion, or $1.30 per share a year earlier. http://yhoo.it/1ydqHoK http://bit.ly/1fJ5yqZ

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