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(The Atlantic)   FYI: JP Morgan's $2 billion loss is now $3 billion   ( theatlantic.com) divider line
    More: Followup, FYI, JPMorgan Chase & Co., Jamie Dimon  
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6380 clicks; posted to Main » on 17 May 2012 at 11:09 AM (6 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2012-05-18 09:49:55 AM  
I don't understand all the commotion about JP Morgan losing some money.

Over the past 3 years, they made $48.08 Billion in profit. Part of how they make that profit is taking risks. The nature of a risk is that sometimes, it doesn't make a profit.

There isn't any guarantee that everyone who invests money will make money on every investment. The company isn't going broke.

Even this particular sub-group of JP Morgan is still ahead by a couple of billion over the past 3 yeas. They lost some of their profit on this set of investments, and that's all.
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