(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit, hit by legal costs of nearly $1 billion in the wake of government probes into alleged wrongdoing, and as it set aside more money to cover bad loans.
The bank's net income fell to $4.93 billion, or $1.19 per share, in the fourth quarter from $5.28 billion, or $1.30 per share a year earlier. Revenue on a reported basis fell 2.8 percent to $22.51 billion.
The results for both periods included special items.
(Reporting by Tanya Agrawal in Bengaluru and David Henry in New York; Editing by Ted Kerr)
