Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses

Tue, 05/29/2012 - 01:04 EDT - Yahoo! Business News

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NEW YORK (Reuters) - JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades. CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter. ...

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Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses
NEW YORK (Reuters) - JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades.
Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses
JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," ...
JPMorgan dips into cookie jar to offset 'London Whale' losses
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