May

15

Despite the TV poli-drama, a $2 billion loss carries absolutely no significance to JPM Chase given the size of its asset base. It could be looked at as a rounding error.


Comments

Name

Email

Website

Speak your mind

3 Comments so far

  1. Craig on May 16, 2012 3:07 am

    $2.3 trillion of assets seem to be depending on these “insignificant” amounts just to stay in the black. (Assuming they make over $20 billion trading and net income for the common is under.) They’ll make it back in 20 trading days if still averaging $100 million/day.

  2. Greg Rehmke on May 16, 2012 8:40 am

    J.P. Morgan?

  3. Greg Rehmke on May 16, 2012 7:17 pm

    What a dope I am… I didn’t know or remember it was JP Morgan Chase. I have two Chase credit cards so to some extent JP Morgan is my bank. But I didn’t know I was doing business with the same firm.

Archives

Resources & Links

Search