ISI Sees $4.2 Bln JPMorgan Loss

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

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Recommended Stories

Target Date Funds: A ‘Time Bomb’ in a Retirement Tool for the Masses?

Ginger Szala | June 11, 2021

The GAO will investigate target date funds. What does that mean for the multi-trillion–dollar industry?

Panel Anticipates More Treasuries Meltdowns Without Reform

Christopher Condon & Liz Capo McCormick | July 29, 2021

“Episodes of market dysfunction are not only likely to continue but to occur with increasing frequency” unless market-making capacity for Treasuries trading is increased or the U.S. halts the rapid build-up of its debt outstanding.

BofA Rolls Out Digital Retirement Program with Merrill Option

Janet Levaux | June 24, 2021

Clients of the bank’s Personal Retirement Strategy can make their own 401(k) investments or pay to have their portfolio managed by Merrill.

Resource Center

APIs and cloud technology are redefining the corporate app architecture, and the treasury function is ripe for transformation. Learn how next gen management ecosystems empower the digital treasury with innovation, flexibility, automation and deeper insights.

Executive Brief

Sponsored by Treasury Intelligence Solutions Inc.

Next Gen Architecture for a Digital Treasury: Enabling Flexibility and Automation

APIs and cloud technology are redefining the corporate app architecture, and the treasury function is ripe for transformation. Learn how next gen management ecosystems empower the digital treasury with innovation, flexibility, automation and deeper insights.

Browse More Resources ›

Guide

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.