JP Morgan



JP Morgan
New York Observer - By : By Patrick Clark
JPMorgan has been selling profitable securities to prop up second-quarter results after the bank’s chief investment office and the trader known as the London Whale incurred billions in losses. The asset sales may be tax inefficient, and will deprive the lender of future gains, which is just too bad for Jamie Dimon’s firm. 
 
With its share price down 18 percent from the day before the trading losses were first reported, JPMorgan is under pressure to generate earnings. - More

recommended stories

ALSO ON THE WEB

Sponsored Links
MULTIMedia
Robotic surgery on the rise in oper... Drone Footage Shows Air Algerie Cra... Did Snoop Dogg smoke pot in the Whi...
Top 5: Most powerful four-cylinder ... Yahoos revenue slumps on weak ad sa... LeBron James Return Worth $500M: Cl...
© 2013 eNewsreference. All Rights Reserved. | Privacy Policy | Terms of Service