JPMorgan Stock Fall After Firm's $2 Billion Trading LossVW Staff
JPMorgan Chase & Co. (NYSE:JPM)'s stock is in decline Friday morning after the firm indicated that it had lost $2 billion on trading in synthetic credit securities. Jamie Dion, CEO of JPMorgan Chase & Co. (NYSE:JPM), indicated that the securities involved in the trading loss remain highly volatile and the position could result in additional losses of $1 billion to the firm over the next two quarters.
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