J.P. Morgan has significant credit portfolio loss

Breaking…………

“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing late Thursday it had “significant” mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities and Exchange Commission filing, the bank said its synthetic credit portfolio had proved to be riskier and more volatile than expected.”

MarketWatch

MK comment: Sound familiar? Think Bear Stearns, early 2008.

Share
This entry was posted in all posts. Bookmark the permalink.

Comments are closed.