JPMorgan Chase & Co.’s first-quarter profit tumbled 69% and the bank set aside a whopping $6.8 billion to cover potential losses on loans to consumers and businesses struggling to stay afloat during the coronavirus shutdown.

The nation’s biggest bank on Tuesday was the first to report earnings since the coronavirus pandemic slammed the brakes on the U.S. economy in March, when government orders to stay home led businesses and factories to close and put millions out of work.

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