• JPMorgan lost $273 million on a single client in the fourth quarter

    11 monthes ago - By Chron

    Thomson Reuters
    In an already wonky quarter, JPMorgan reported taking a $143 million loss in its equities trading department from one single client.
    The department had strong equities performance apart from that one client loss.
    That client was identified as Steinhoff International, a South African retailer embroiled in an accounting scandal.
    Total losses related to Steinhoff could be as much as $273 million.
    After accounting for effects from tax reform, JPMorgan posted a solid quarter, announcing earnings of $1.69 share Friday.
    But in an already wonky quarter, JPMorgan reported an unusual...
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  • JP Morgan lost $143 million last quarter on a loan to a single client

    11 monthes ago - By CNBC

    J.P. Morgan Chase revealed it took a huge loss from a loan to a client in its fourth-quarter earnings release.
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  • JPMorgan Chase 4Q results fall 37 percent, due to tax charge

    11 monthes ago - By Chron

    NEW YORK - JPMorgan Chase & Co. said its fourth-quarter results fell 37 percent from a year ago, as the bank took a significant one-time charge to its results due to the recently passed Trump tax bill.
    JPMorgan said Friday it earned $4.23 billion in the fourth quarter, or $1.07 a share, down from $6.73 billion, or $1.71 a share, in the same period a year earlier. Excluding a $2.4 billion charge tied to the tax bill, the bank would have earned $6.7 billion, or $1.76 a share, which beat analysts' forecasts of who $1.69 a share.
    Like many banks after the 2008 financial crisis, JPMorgan had...
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  • JPMorgan takes $2.4bn Trump tax hit

    11 monthes ago - By eFinancial News

    US tax regime change drags fourth-quarter investment bank profits down by a third
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  • JPMorgan lost $143 million on a single trading client in the fourth quarter

    JPMorgan lost $143 million on a single trading client in the fourth quarter

    11 monthes ago - By Business Insider

    In an already wonky quarter , JPMorgan reported taking a $143 million loss in its equities trading department from one single client.
    The department had strong equities performance apart from that one client loss.
    After accounting for effects from tax reform, JPMorgan posted a solid quarter, announcing earnings of $1.69 share Friday.
    Its trading business, expectedly, declined - fixed income revenues dropped 27% after including effects from tax reform.
    But it was the equities team that posted the most interesting figure: It took a $143 million loss from a single client.
    Apart from that hit...
    Read more ...

     

  • JPMorgan Chase 4Q results fall 37 percent, due to tax charge

    JPMorgan Chase 4Q results fall 37 percent, due to tax charge

    11 monthes ago - By Stl Today

    NEW YORK - JPMorgan Chase & Co. is saying its fourth quarter results fell 37 percent from a year ago, as the bank took a one-time charge to its results due to the recently passed Trump tax bill.
    Read more ...

     

  • JPMorgan lost $143 million on a single trading client in the fourth quarter

    JPMorgan lost $143 million on a single trading client in the fourth quarter

    11 monthes ago - By Business Insider

    In an already wonky quarter , JPMorgan reported taking a $143 million loss in its equities trading department from one single client.
    The department had strong equities performance apart from that one client loss.
    After accounting for effects from tax reform, JPMorgan posted a solid quarter, announcing earnings of $1.69 share Friday.
    Its trading business, expectedly, declined - fixed income revenues dropped 27% after including effects from tax reform.
    But it was the equities team that posted the most interesting figure: It took a $143 million loss from a single client.
    Apart from that hit...
    Read more ...