Credit card losses not including WaMu could hit 9% next quarter, JPMorgan's (JPM -0.8%) Jamie...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor
Credit card losses not including WaMu could hit 9% next quarter, JPMorgan's (JPM -0.8%) Jamie Dimon says. Losses on WaMu's portfolio could hit 18-24% by year-end. Upcoming quarterly losses could reach $1.4B on home-equity loans; $500M on prime mortgages; and $375-475M on subprime. (Dimon's prepared remarks (.pdf))