Why was the market not impressed? If you dig deeper into the bank's profits, you'll find that $1.15 billion of the bank's $6.5 billion in net income came from releasing funds set aside to offset potential losses from faulty mortgage and credit card loans.
http://www.wpbf.com/news/money/JPMorgan-Chase-fails-to-impress-Wall-Street/-/8788684/19723538/-/lw0geg/-/index.html?absolute=true
http://www.wpbf.com/news/money/JPMorgan-Chase-fails-to-impress-Wall-Street/-/8788684/19723538/-/lw0geg/-/index.html?absolute=true
No comments:
Post a Comment