LOGO
LOGO

Before The Bell

JP Morgan Slips Before The Opening Bell On Trading Loss Reports

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Global Economics Weekly Update - Jun 01 - Jun 05, 2026

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.

Latest Updates on COVID-19