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ISI Sees $4.2 Bln JPMorgan Loss

Chief investment offices trading loss likely to cut Q2 earnings to 65 cents a share: ISI.

By Dakin Campbell | Updated on June 05, 2012

JPMorgan Chase & Co., the largest U.S. bank, may report a $4.2 billion second-quarter trading loss in its chief investment office, according to an estimate by International Strategy & Investment Group Inc.

The pretax loss would help cut second-quarter earnings to 65 cents a share, a 30 percent decline from an earlier estimate of 93 cents, Ed Najarian, an ISI analyst, said in a note yesterday. Weaker-than-expected trading and investment banking revenue coupled with mark-to-market private-equity losses will also weigh on results, Najarian said.

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