JPMorgan's Trading Losses Have Jumped at Least 50%

By TradersHuddle:Investors and traders that actively follow the financial service sector, the second-largest sector weighting in the S&P 500 behind technology, got a harsh reminder last week that even the supposedly strongest banks can deal stinging rejections of the bull thesis for their stocks. That's what Dow component JPMorgan Chase (JPM), the largest U.S.

NEW YORK — JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO’s pay as a result. JPMorgan, the country’s biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million.

NEW YORK — JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO’s pay as a result. JPMorgan, the country’s biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million.

By Helix Investment Management:Whenever a public company reports bad news, be it a poor quarter, management impropriety or departures, or unexpected losses, it is important to ascertain whether or not these are one-off events, or if the business has been damaged in the long-term.