JPMorgan Falls 9% After Reporting $2 Billion Trading Loss JPMorgan Chase & Co. (JPM) fell the most in nine months after Chief Executive Officer Jamie Dimon said the firm suffered a $2 billion trading loss he attributed to "egregious" failures in a unit managing risks. JPMorgan Chase: Don't Hit the Panic Button (Update 1) JPMorgan Chase's disclosure of a $2 billion second-quarter trading loss sets up a buying opportunity for long-term investors. JPMorgan $2 billion trading loss spooks bank stocks JPMorgan Chase & Co's shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by ... JPMorgan Chase acknowledges $2B trading loss JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. JPMorgan faces tough time restoring credibility: brokers REUTERS - JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, will be able to manage the $2 billion loss from a hedging program that backfired but analysts said it may take far longer to repair ... JPMorgan stocks plunge after shock $2 bn loss JPMorgan Chase plunged nearly 10 percent on opening Friday after reporting shock $2 billion derivatives losses, pulling down the US markets. JPMorgan Chase discloses $2-billion trading loss Financial giant JPMorgan Chase's stock sinks 6% after its stunning revelation of 'egregious mistakes' in a trading portfolio that lost $2 billion. Barely four years after Wall Street's wrong-way bets plunged the world into a financial crisis, JPMorgan Chase & Co. admitted it lost $2 billion from a trading portfolio that was supposed to have helped the bank manage credit risk. JPMorgan faces backlash over ties to Sudan For the second year in a row, JPMorgan Chase is recommending shareholders vote against a proposal calling for the bank to stop investing in companies that "substantially contribute to genocide or crimes against humanity." Bank stocks hurt after surprise $2B JPMorgan loss JPMorgan Chase stock lost more than 8 percent of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a trading group that manages the risks the bank ... Others in the Spotlight After JPMorgan's Big Trading Loss Amid JPMorgan Chase's $2 billion trading loss at its chief investment office, DealBook highlights some executives who may face additional scrutiny from the embarrassing incident.
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