JP Morgan Chase
JPMorgan Chase, #3 US Bank, CEO Jamie Dimon said
he expects $200 to $250 million in Q2 subprime loan losses, and will have to add to loan loss reserves.
The firm believes the capital market crisis is 75% done, and will probably be over by the end of the year.
JPMorgan will post lower earnings from investment banking and credit cards in Q2 as the U.S. recession is "just starting."
he expects $200 to $250 million in Q2 subprime loan losses, and will have to add to loan loss reserves.
The firm believes the capital market crisis is 75% done, and will probably be over by the end of the year.
JPMorgan will post lower earnings from investment banking and credit cards in Q2 as the U.S. recession is "just starting."
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