Report: Jpmorgan Trading Losses May Reach $9b

Shares of JPMorgan Chase & Co. tumbled in premarket trading Thursday as a published report said that the bank's losses on a bad trade may reach as much as $9 billion - far higher than the estimated $2 billion loss disclosed last month.

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  • Report: JPMorgan trading losses may reach $9B
    NEW YORK (AP) -- Shares of JPMorgan Chase & Co. tumbled Thursday as a published report said that the bank's losses on a bad trade may reach as much as $9 billion — far higher than the estimated $2 billion loss disclosed last month. In May, JPMorgan said ...
    06/28/2012 - 12:53 am | View Link
  • JPMorgan shares fall on $9 billion loss report
    NEW YORK (CNNMoney) -- JPMorgan's stock price fell Thursday following a report that its trading losses from a London unit could reach $9 billion. JPMorgan Chase (JPM, Fortune 500) dipped 2.5% after the New York Times report. The loss would be far wider ...
    06/27/2012 - 1:00 pm | View Link
  • JPMorgan drops on report trade loss could be bigger
    Shares of the biggest bank in the United States fell as much as 5.4 percent in trading ... losses could reach $8-9 billion, assuming worst-case conditions, the newspaper said. The bank has said that it has been reducing its potential losses since then ...
    06/27/2012 - 1:00 pm | View Link
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  • JPMorgan Chase
    JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City.In addition to being the largest bank in the United States, JPMorgan is the world's second most valuable bank by market capitalization.. As a "Bulge Bracket" bank, it is a major provider of various investment banking and financial services.
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