JP Morgan may post a USD 4.2 billion trading loss

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Source: Bloomberg
JP Morgan Chase & Co, the biggest US lender may post a 4.2 billion trading loss for the second quarter, International Strategy and Investment Group predicted on Tuesday. The loss would lower earnings by around 30% to USD 0.65 per share compared to previous estimated USD 0.93 per share. The part of loss will be covered by security gains worth USD 2 billion. JP Morgan dropped 2.9% yesterday. 
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