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More on JPMorgan (JPM): Business loan originations +14%, mortgage originations +29%, credit card...

More on JPMorgan (JPM): Business loan originations +14%, mortgage originations +29%, credit card volume +12%, commercial banking +16%. $2.1B pretax profit from reduced loan loss reserves (adding $0.33/share to profits vs. adding $0.28 last Q). The deterioration in the bank's credit spreads allowed the booking of a $800M DVA profit. Basel III Tier 1 capital ratio of 7.9%. Shares -1% premarket.

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Comments (2)
  • bbro
    , contributor
    Comments (10143) | Send Message
     
    Get ready to hear the howl and cry about reduced loan loss reserves....
    13 Jul 2012, 07:15 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    and the credit spreads.....but they shifted the pain back a quarter....
    13 Jul 2012, 07:18 AM Reply Like
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