JPMorgan Slips on Report Trading Loss Widened to $9 Billion
By Ambereen Choudhury - Jun 28, 2012 7:01 AM ET
JPMorgan Chase & Co. (JPM) fell more than 6 percent in European trading after the New York Times (NYT) reported the lender’s trading losses from credit derivatives may total as much as $9 billion, exceeding the firm’s initial estimate.
The shares fell to $34.50 as of 1 p.m. in Frankfurt trading from their $36.78 close in New York yesterday.
more@ Bloomberg.com
DO SOMETHING!