JPMorgan (JPM) schedules an unusual conference call following the release of its 10-Q filing. The lender says its Chief Investment Office (CIO) unit has suffered significant mark-to-market losses. Shares -3.9% AH
More on JPMorgan (JPM): S&P has downgraded the bank's servicing unit to Average from Above Average. "The downgrades reflect several internal audits that were not considered satisfactory and identified issue that we consider to be material." Shares -5.2% AH
JPMorgan (JPM): The conference call is underway. Listen live here. The CIO office and its chief trader, Bruno Iksil, recently made headlines for being the whale in credit-derivatives trading. The bank assured investors his activities were part of a normal hedging process and presented little risk.Shares -3.9% AH
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