JPMorgan had a rough quarter

JPMorgan had a rough quarter. The investment bank earned $1.68 per share, but that number was reduced to $1.32 per share when excluding tax benefits and other items. Analysts were expecting earnings of $1.38 per share. Revenue fell 6.9% to $23.5 billion, missing the $24.04 billion Wall Street consensus. Lower markets revenue and lower mortgage banking revenue weighed. "We saw the impact of a challenging global environment and continued low rates reflected in the wholesale businesses' results, while the consumer businesses benefited from favorable trends and credit quality," CEO Jamie Dimon said in a statement