• Wall Street Smart
    People bash JP Morgan without understanding, Dimon will make more in earnings this year than BAC, C and GS combined even after 2 bn loss.
    5/15/12
    Reply (6)
    • OneLongTrade: Agreed. Way overblown. The loss was peanuts compared to their earnings potential. 2% loss on their portfolio so far.
      5/15/12
    • Josh Krause: Losses are not finalized yet. Could be 4B or more.
      5/15/12
    • OneLongTrade: And that would be 4%. Still not a big deal. Also the 2 Bil was offset by a 1 bil gain in sale of securities, the actual trading loss is 800m
      5/15/12
    • Wall Street Smart: Josh. If it is a 2 bn loss the company is expected to make 18.1 bn in profits this year. With your number 16.1 bn in profits. Not too bad.
      5/15/12
    • OneLongTrade: The loss to the market cap of JPM since then is well over 15B. The argument of legal fees/reputational damage can only go so far.
      5/15/12
    • Oceanstats: The $2B loss came over 6 weeks, remember that, There were more hats involved besides Dimon and those that got canned.Saw this coming in Feb.
      5/15/12