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JPMorgan Chase & Co. Message Board

  • teknowiz teknowiz Sep 12, 2013 12:48 PM Flag

    Why is JPM tanking today?

    Treasury yields are down. So WHTF is a problem?

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    • Could be this....

      J.P. Morgan to spend $4 billion on oversight: WSJ

      By Michael Kitchen LOS ANGELES (MarketWatch) -- J.P. Morgan Chase & Co. /quotes/zigman/272085/quotes/nls/jpm JPM +0.10% is planning to spend $4 billion and commit 5,000 extra employees this year to deal with risk and legal-compliance issues at the bank, The Wall Street Journal reported late Thursday, citing unnamed sources close to the bank. The plan involves adding $2.5 billion to J.P. Morgan's reserves for paying litigation costs, with the other $1.5 billion going to the risk and compliance efforts, including a 30% increase in related staffing, the report said. The bank is currently operating under four regulatory enforcement actions and faces at least seven separate investigations by the Justice Department, the report said. Shares of J.P. Morgan finished Thursday with a 1.9% loss but added 0.1% in after-hours trading.

    • I don't see anything bad either, but I'll be very #$%$ if this is due to big boys unloading ahead of a bad news release. Inside trading is more common nowadays.

      Sentiment: Hold

64.13+0.26(+0.41%)Jul 26 4:00 PMEDT