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JPMorgan Reports $5B Profit, Expands Trading Loss

JPMorgan Reports $5B Profit, Expands Trading Loss

Peter Foley/Bloomberg via Getty Images(NEW YORK) — JPMorgan Chase, still reeling from trading losses in its investment unit, reported a second-quarter profit of $5 billion on Friday.Investors were less interested in the largest U.S. bank’s net i…

JPMorgan Bank Announces Massive Surprise Loss

JPMorgan Bank Announces Massive Surprise Loss

STAN HONDA/AFP/Getty Images(NEW YORK) — JPMorgan, in an unexpected announcement, said it saw $2 billion in trading losses in the last six weeks, and may yet see more.“We have egg on our face,” Jamie Dimon, the massive bank’s CEO, sai…

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