Reuters: JPMorgan may take $1.6-$1.7 billion in writedowns: analysts

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JPMorgan may take $1.6-$1.7 billion in writedowns: analysts
      

(Reuters) - At least two analysts on Thursday projected that JPMorgan Chase &amp; Co  would suffer write-downs in the range of $1.6 billion to $1.7 billion for the fourth quarter and cut their profit outlook for the bank. Analysts at Citigroup and Fox-Pitt Kelton said they cut fourth-quarter estimates to reflect the recent company outlook of higher-than-expected loan loss reserve additions, likely writedowns as well as private equity losses.</p><div class="feedflare">
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