JPMorgan (JPM) Erases Drop from Massive London Whale Loss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/29/2026
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Fed chair Warsh kicks off Jackson Hole keynote address
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal
- Dollar jumps after Warsh comments, set for weekly gain
- McKesson reports cybersecurity incident affecting its information systems
- Mizuho is bullish on Broadcom ahead of Sept. 2 earnings, citing 30-quarter streak
- BioNTech ends colorectal cancer mRNA therapy trial early
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Pinterest CFO resigns, interim replacement named
JPMorgan (JPM) shares erase drop, fueled by disclosure of London Whale loss
September 13, 2012 1:36 PM EDTJPMorgan (NYSE: JPM) shares erase drop, fueled by disclosure of London Whale loss.... More
JPMorgan (JPM) Remains Steadfast as Senate Committee Looks to Delve Deeper into CIO Losses; Names New CIO
September 6, 2012 1:34 PM EDTJPMorgan (NYSE: JPM) shares are still higher on the session amid of a bit of mixed news Thursday.
Reports have a U.S. Senate panel led by Carl Levin looking to probe the bank further following CIO trading losses, which... More
JPMorgan (JPM) Posts Q2 Results, Restates Q1 and Shutters CIO Synthetic Group
July 13, 2012 8:07 AM EDTShareholders in JPMorgan (NYSE: JPM) Friday are responding to second-quarter results which included details into the bank's Chief Investment Office trading losses. Additionally, JPMorgan said first-quarter results will be restated.
The stock is indicated for a higher open. Shares last traded at $34.60, up more than 1 percent from Thursday's close.
Quarterly revenue was down 16 percent from $27.41 billion during the same quarter last year to $22.89 billion. Sales came in at $26.76 billion during the first quarter of 2012. Analysts had been expecting JPMorgan to report total sales of $21.90 billion.
Net income on a managed basis was down about 8.7 percent to $4.96 billion. Earnings per share were down 4.7 percent from $1.27 in the year-ago quarter to $1.21.
Earnings were impacted by a number of adjustments, including $0.69 per share after taxes related to the CIO trading losses. The bank saw a $0.16 per share benefit from securities gain within the CIO unit. In addition, a $0.33 per share benefit came from... More
UPDATE: JPMorgan (JPM) Falls After Surprise Call, Mark-to-Market Losses
May 10, 2012 5:01 PM EDT(Updated - May 10, 2012 5:19 PM EDT)
Shares of JPMorgan (NYSE: JPM) are under heavy pressure after-hours Thursday after announcing a surprise conference call and large surprise mark-to-market loss in its chief investment office and exposure to a possible credit downgrade.
Since... More
