JPM Crashing After It Convenes Emergency Call To Advise Of "Significant Mark-To-Market" Losses

ZEROHEDGE ^ | 5-10-12 | Tyler Durden

[LRoggy]

You guys prove there is a sucker born every minute. In 2011 JPM netted nearly $17 billion in profit. Even the high end number of $4.2 billion is a fraction of last year's net.

Do a LITTLE homework before you post about bailouts and Armageddon.

[expat2]

She was smarter or better-informed than the rest of us. Where did it come from? He borrowed it.

[Grampa Dave]

JPM closed with a .25% gain.

Then at 4:02, it was down $2.79 or 6.85%.

JPMorgan Chase & Co. JPM-NYSE 40.74 0.10(0.25%).

4:02PM EDT|After Hours: 37.95 2.79 (6.85%) 6:45PM EDT - Nasdaq Real Time Price.

How may investors not in on the reality bought JPM before it started to head down south?

[mongo141]

Well I hope I don't get screwed in the process. That Outfit sits on the Va backed mortgage to my house and property. Payments are current and always have been and I have dropped below the point where I don't have PMI (private Mortgage Ins. anymore. JP has been sending me second day air (UPS letter) wanting me refinance because they will give me a 2 point better rate for “FREE” there is no such thing as a “free lunch”, In the trash it goes. When that doesn't work they call, I ignore them. Seems that they want to put the loan back to 30 years so they can make more money. They don't say that up front but it isn't too hard to figure out their scam. F them!

[CaptainK]

On Fox right now. Big concerns . Maybe up to 4.2 Billion. JP Morgan was considered the safest bank.

[elpadre]

is it brown or baby diaper yellow?

[Revel]

JPM and GS are two banks with friends in very high places. Like how about the treasury and the FED and the SEC, and Congress and on and on. Does anyone think that JPM will not get whatever they need from the US tax payer via the back door. They all have been right along.

[soycd]

Meanwhile the kenyan muslim in chief is giving billions to his muzzy brotherhood and paliscum terrorists.

[bgill]

Soros sold off most of his shares last year. Nothing to see, move along.

[Revel]

One more thing. JPM is the bank that it is rumored to have received much of that missing MF Global customer money in the wee hours before they declared bankruptcy. They should have to pay that back too.

[redgolum]

In theory I agree. In practice that will destroy the economy.

We are no longer a place that makes and sells things.

[DuncanWaring]

I do believe I have heard assertions to that effect over the years.

[KevinDavis]

This is bad news.. I bank at JP Morgan Chase..

[Freddd]

Oh the media can’t be bothered with news like this, that whole Obama Biden gay thing is goin on...

[Georgia Girl 2]

Crank up the printing presses. JPM is going to need a large cash infusion.

[StAnDeliver]

"Enter Uncle Ben to the rescue."

A backdoor QE3? OXI!

[Chode]

[Freedom4US]

4.2 Billion? That sounds so. . quaint... Is that a lot?

[StAnDeliver]

"Losses of $4.2 Billion “reasonably possible."

Tip of iceberg. ZeroHedge commenters giving up numbers up to $80B.

[TheZMan]

Should this be read as “get your money out of Chase”? I’ve no clue, but have been debating it for a while.