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It may get worse for this bank: analyst

Lawrence Lewitinn
Talking Numbers
It may get worse for this bank: analyst

It paid $9.2 billion in legal expenses in the last quarter but is the worst behind for JPMorgan's shareholders?

JPMorgan Chase didn't lose money during the financial crisis a half-decade ago. But, the banking giant just reported its first loss since Jamie Dimon took the helm in 2004. In the most recent quarter, the company reported $9.2 billion in legal expenses as it deal with the US government on its "London Whale" and mortgage issues.

The added legal caused JPMorgan to report a loss of $380 million. Without such extraordinary items, the bank actually earned $1.42 per share, up from $1.40 the previous year. That's significantly more than the $1.20 per share analysts were expecting.

(Watch: JPMorgan earnings marred by massive legal bill)

Is the worst behind for JPMorgan?

On CNBC's Street Signs' Talking Numbers segment, the fundamentals and the technicals give their take on the company. On the fundamentals is Ron Dottin, US quantitative strategist at RBC Capital Markets. Looking at the technicals is JC O'Hara, chief market technician at FBN Securities.

Watch the video above to see O'Hara and Dottin analyze JP Morgan Chase and give their view on what's next for the stock.


[Disclosures: A member company of RBC Capital Markets or one of its affiliates managed or co-managed a public offering of securities for JPMorgan Chase & Co. in the past 12 months and/or received compensation for investment banking services from JPMorgan Chase & Co. in the past 12 months. RBC Capital Markets, LLC makes a market in the securities of JPMorgan Chase & Co. RBC Capital Markets Research personnel, including Dottin or his team hold(s) or exercise(s) investment discretion over a long position in the common shares of JPMorgan Chase & Co..]


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