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Choppy Terrain ahead for JPMorgan

Shares of JPMorgan Chase & Co. (NYSE:JPM) are falling this morning after the mega bank revealed that revenue from fixed income and equities trading are likely to fall in the second quarter. In the banks’ latest SEC filing, the bank cited a challenging trading environment as increasing mortgage rates are decreasing origination and refinancing volumes. In addition, the bank is seeing lower activity by clients. Moreover, as the conflict in Ukraine continues to intensify, the bank revealed that it is exposed to Russia north of $4.7 billion.