Contra-Indicator? schreef op 10 mei 2012 23:32:
May 10, 2012, 5:23 p.m. EDT
J.P. Morgan has significant credit portfolio lossStories You Might Like
By Wallace Witkowski JPM
SAN FRANCISCO (MarketWatch) -- Shares of J.P. Morgan Chase & Co. /quotes/zigman/272085/quotes/nls/jpm JPM -6.36% 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. J.P. Morgan said losses have been partially offset from sales in the Chief Investment Office's available-for-sale securities portfolio. CEO Jamie Dimon held a conference call late Thursday to discuss the results.
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