2012-06-06marketwatch.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 JPM 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.



Comments: Be the first to add a comment

add a comment | go to forum thread