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JPMorgan’s Dimon Leaves Shareholders Hanging

Category : Stocks

NEW YORK (TheStreet) –JPMorgan Chase CEO Jamie Dimon answered plenty of questions on the bank’s trading loss in his testimony before the Senate Banking Committee on Wednesday, but shareholders were still left hanging on the one question that really matters to them.

What is the ultimate size of the trading loss?

Estimates by some analysts now top $5 billion, according to press reports, but the CEO refused to comment on details about the size of the trades and how they were being unwound in Senate testimony, saying it would compromise the bank’s interests. …

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