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Hampered by Legal Costs, JPMorgan’s Profit Falls 7.3%

"JPMorgan Chase reported a 7.3 percent slump in fourth-quarter earnings on Tuesday, as billions of dollars in legal costs from a series of government settlements continued to weigh on profit at the nation’s largest bank.

"The net earnings of $5.28 billion, or $1.30 a share, fell slightly below Wall Street analysts’ expectations of $1.35 a share.