<< Read Full Article
<< Read Full Article
JPMorgan Chase (JPM Quote) plans to take a non-cash $1.1 billion charge this quarter related to its repayment of the government's $25 billion bailout.
The charge will be a "one-time, non-cash negative adjustment" of approximately $1.1 billion used in calculating JPMorgan Chase's earnings per share (or rather a reduction in net income applicable to common stockholders), according to a Securities and Exchange Commission filing on Friday.
As a result, JPMorgan Chase expects to reduce its quarterly diluted earnings per common share by 27 cents for the quarter ending June 30. Analysts, according to Thomson Reuters, expect the firm to post a quarterly profit of 37 cents a share this quarter. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet