January 13, 2018 Sophia Vida
Hot Stocks

JP Morgan Lost $143 Million in the Last Quarter on Just One Thing

In its fourth quarter earnings report, J.P. Morgan announced that it had lost $143 million on a single client. The firm said, “Equity markets revenue was flat compared to a strong prior year and included the impact of a mark-to-market loss of $143 million on a margin loan to a single client.” Had it not … Continue reading “JP Morgan Lost $143 Million in the Last Quarter on Just One Thing”