Relevant:
- JPMorgan Earnings Drop 50% on Writedowns, Reserves
- JPMorgan Says Trading Loss Tops $5.8 Billion; Profit for Quarter Falls 9%
- Profit for Banks Dimmed by Home-Equity Loss Seen at $30 Billion
- Chase: Two-Thirds of WaMu Mortgages Impaired
- JPMorgan Chase Has Lost $20 Billion On Its Bad Trade, Taking Into Account Share Price
2008-01-16 — reuters.com
'JPMorgan Chase & Co said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity loans.'
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