JP MORGAN: Q1 FY09 EARNINGS
Revenue was then the highest in the firm's history driven by JPMorgan's investment banking business, which got a strong $4.9 billion contribution from its fixed income markets operations, and the retail business, where net interest income swelled to $5.2 billion because of the positive impact of the WaMu deal, wider deposit and loan spreads, and an increase in deposit-related fees.
The latest loan loss provision brought JPMorgan's total allowance for loan losses to $28 billion as of the quarter's end, and Chairman and CEO Jamie Dimon said at the time it would be "reasonable" to expect additional increases to credit reserves if the economy worsened.
The latest loan loss provision brought JPMorgan's total allowance for loan losses to $28 billion as of the quarter's end, and Chairman and CEO Jamie Dimon said at the time it would be "reasonable" to expect additional increases to credit reserves if the economy worsened.
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| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
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DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
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-1.28%
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-6.12%
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