Relevant:
- Jamie Dimon Misrepresented "London Whale" Risks, Admits to $2+ Billion Loss Plus Risk Management Black Eye
- How Jamie Dimon--or Houdini?--hid the $6 billion "Whale" loss
- How JP Morgan became trapped in its $1 trillion fortress
- JPMorgan's Dimon Posts First Loss on $7.2 Billion Legal Cost
- Mark Gongloff: Jamie Dimon Complains More, As JPMorgan Chase Losses Eclipse $30 Billion
2012-06-06 — marketwatch.com
Losses attributed to the whale now are believed to exceed $4.2 billion, according to an estimate made Tuesday by Ed Najarian, an analyst with International Strategy & Investment Group Inc. Read full story about J.P. Morgan losses .
At more than twice the initial estimate announced by J.P. Morgan JPMÂ and its chief executive, Jamie Dimon, in May, the loss now is expected to slash second-quarter earnings at the bank by another 30% to 65 cents a share, according to Najarian.
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