JPMorgan Chase said on Wednesday its fourth quarter earnings fell to $1.7 billion, or 46 cents per share, from $1.9 billion, or 89 cents per share, in the previous year. Excluding charges, the bank earned $2.3 billion, or $0.64 per share. Analysts were expecting $0.70.

After the release of the report shares of the bank  fell more than 1% to $38.30.