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ALERT: J.P. Morgan Reveals ‘London Whale’-Size Losses

5:00 pm CST: J.P. Morgan Chase & Co., the nation’s largest bank, is about to host an unusual conference call.

from wsj.com:

The bank sent out a notice at 4:30 that it would be holding a call at 5 p.m. but included no details about what it was going to be about. A person familiar with the matter says the call will include CEO Jamie Dimon and discuss the bank’s quarterly filing, which as of 4:30 p.m. had not been made public.

Standard & Poor’s Rating Service just downgraded the bank’s retail servicing unit, which might give a clue.

The bank’s shares are down 3% after hours to $39.60.

Deal Journal will live blog the call, in case anything truly interesting comes up.

Read More @ wsj.com

1 comment to ALERT: J.P. Morgan Reveals ‘London Whale’-Size Losses

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