JP Morgan Chase

Money
6:40 am
Fri July 13, 2012

JPMorgan Earned $5B In Second Quarter Even After $4.4B Trading Loss

Though it suffered an estimated $4.4 billion loss related to its bungled trading in some very risky types of investments, JPMorgan Chase said this morning that it still did well enough in its other businesses that it had net income of $5 billion in the second quarter.

Read more