JPMorgan Chase & Co. (JPM) Loss Grows, Suspends Buybacks – ValueWalk Premium
JPMorgan

JPMorgan Chase & Co. (JPM) Loss Grows, Suspends Buybacks

The new week kicked off with news that JPMorgan Chase & Co. (NYSE:JPM)'s trading loss my widen even more thanks to the crumbling Europe situation. A second report has losses estimated up to $5 million.

In comments by one of the hedge funds that took the opposing side to some of JPMorgan's questionable trades, Michael Platt, co- founder and chief executive officer of BlueCrest Capital Management LLP, made some gloomy predictions on Bloomberg Television's "Inside Track" on Monday. He said, “They . . .

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