JP Morgan (JPM) has lost ground in pre-market trading on reports that the company's trading losses might be significantly higher than previously thought. Share are down $1.13, or 3.1 percent, to $35.65 before the opening bell.
The well-publicized trading losses at JP Morgan could cost the company as much as $9 billion. This according to a report in the New York Times. Previously, the company had estimated a loss of $2 billion from the trade, which represented a bad bet on credit derivatives.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.