Lower markets revenues, reserve build and a decline in investment banking fees affected JPMorgan 's JPM first-quarter 2022 earnings of $2.63 per share, which missed the Zacks Consensus Estimate of $2.73. The reported quarter's results included net credit reserve build and losses in Credit Adjustments & Other. JPM's equity markets revenues and fixed-income markets revenues fell 7% and 1%, respectively, on a year-over-year basis. Equity and debt underwriting fees tanked 78% and 20%, respectively. Then again, advisory fees were a saving grace, rising 18%. Citigroup Inc. 's C first-quarter 2022 earnings per share of $2.02 handily outpaced the Zacks Consensus Estimate of $1.74. However, the reported figure declined 44% from the prior-year quarter. Starting first-quarter 2022, Citigroup removed its Global Consumer Banking segment. The new reporting structure differentiates four core businesses.