JPMorgan Stock Fall After Firm's $2 Billion Trading Loss

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. In a conference call only a month ago, Dimon had referred the Chief Investment Office, the group responsible for the losses, as a guardian of the bank’s financial position and any coverage of…