JPMorgan CEO Dimon acknowledges $800M segment loss

Thu, 05/10/2012 - 17:37 EDT - AP

JPMorgan Chase, the largest bank in the United States, said Thursday that it expects to lose $800 million this quarter on complex investments made by its own traders....

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JPMorgan CEO Dimon acknowledges $800M segment loss
JPMorgan Chase CEO Jamie Dimon says the company expects to lose $800 million this quarter on complex investments made by its own traders.
JPMorgan Chase Says it Expects to Lose $800 Million in Q3
JPMorgan Chase, the largest bank in the United States, said Thursday that it expects to lose $800 million this quarter on complex investments made by its own traders. The company’s stock plunged more than 6 percent in late electronic trading after the loss was announced.
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