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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 28 June 2012 [View all]Demeter
(85,373 posts)22. JPMorgan falls 5 percent after trading loss reports
http://news.yahoo.com/jpmorgan-falls-5-percent-trading-loss-reports-111508063--sector.html
JPMorgan shares fell 5.3 percent in Frankfurt on Thursday after a newspaper reported that losses from a bungled credit derivatives trade could reach $9 billion in a worst-case scenario.
The U.S. bank's shares in New York are also trading down 5.4 percent in pre-market trading.
The story was "likely disappointing today" for the shares, Evercore Partners said in a research note.
...An internal report at the bank projected in April that the losses could reach $8-9 billion, assuming worst-case conditions, the newspaper said.
JPMorgan shares fell 5.3 percent in Frankfurt on Thursday after a newspaper reported that losses from a bungled credit derivatives trade could reach $9 billion in a worst-case scenario.
The U.S. bank's shares in New York are also trading down 5.4 percent in pre-market trading.
The story was "likely disappointing today" for the shares, Evercore Partners said in a research note.
...An internal report at the bank projected in April that the losses could reach $8-9 billion, assuming worst-case conditions, the newspaper said.
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