JPMorgan Credit Rating Reduced by Fitch on $2 Billion Loss
Fitch Ratings downgraded JP Morgan Chase & Co.'s (JPM) rating one notch and Standard & Poor's Ratings Services lowered its outlook to negative after the banking heavyweight on Thursday disclosed a $2 billion trading loss and warned of potentially more
JPM: $2 billion trading loss on synthetic credit position. by CalculatedRisk on 5/10/2012 05:19:00 PM. At a special conference call, from the WSJ: J.P. Morgan To Host Surprise Conference Call. A few excerpts: J.P. Morgan is
NEW YORK (Dow Jones)–JP Morgan Chase & Co. (JPM) shares fell 9.3% Friday in a high-volume selloff, a day after Chief Executive James Dimon announced a massive, surprise $2 billion trading loss on credit derivatives. The stock's trading volume was more
Out of nowehere, JPM announced 40 minutes ago that it would hold an unscheduled 5pm call to coincide with the release of its 10-Q. Rumors were swirling as to why. The reason is as follows:JPMORGAN SAYS CIO UNIT
Fitch Ratings downgraded JP Morgan Chase & Co.'s (JPM) rating one notch and Standard & Poor's Ratings Services lowered its outlook to negative after the banking heavyweight on Thursday disclosed a $2 billion trading loss and warned of potentially more
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