J.P. Morgan Chase’s third-quarter revenue declined as the bank continued to fight against volatile market conditions around the world and continued low-interest rates in the United States.
Shares at the firm dropped 0.6% to $61.16 after hours.
The largest U.S. bank by assets reported a profit of $6.8 billion, or $1.68 a share. That compares with a profit of $5.57 billion, or $1.35 a share, in the same period of 2014.
Excluding $2.2 billion of tax benefits and other one-time items, earnings were $1.32 a share. Analysts were expected $1.37 a share.
Revenue also tumbled by 6.4% to $23.54 billion. Analysts had expected $23.69 billion.
Trading revenue was also down 15% to $4.34 billion from $5.07 billion in the third quarter of 2014.
Costs decreased 3% to $15.37 billion from $15.8 billion in the third quarter of last year.
JPMorgan also said its legal bills totaled $1.3 billion in the third quarter, higher than the $1.06 billion it reported during the same period of 2014.
Return on equity which measures J.P. Morgan’s profitability, was 12% in the third quarter compared with 10% a year earlier.
Over the last quarter JPMorgan Chase continued to cut jobs, removing 1,781 positions and bringing its workforce to 235,678.
Shares at J.P. Morgan have fallen 13% since hitting a record high of $70.61 in July