Relevant:
- JPMorgan Chase Has Lost $20 Billion On Its Bad Trade, Taking Into Account Share Price
- JPMorgan Says Trading Loss Tops $5.8 Billion; Profit for Quarter Falls 9%
- E-Trade Posts $1.7 Billion Loss for 4Q
- Chris Dodd On JPMorgan Chase Trading Loss: 'This Was A Big Deal'
- JPMorgan Trading Loss May Reach $9 Billion
2012-05-14 — huffingtonpost.com
By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea of how much it has really lost.
That's because the share price of the biggest U.S. bank by assets has tumbled by more than 11 percent since it announced the trading loss, shaving about $17.5 billion from its market value.
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