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JPMorgan: Did I forget to mention we’re raising $6 billion?

Started by Joelle, April 17, 2008, 04:20:31 PM

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Joelle

JPMorgan: Did I forget to mention we’re raising $6 billion?
      


We’re not suggesting JPMorgan did anything illegal or immoral, but what’s up with the hush-hush capital raise?
Early on Wednesday, the third-largest U.S. commercial bank, and resident Wall Street savior announced a 50 percent drop in first- quarter earnings, dragged down by $4.4 billion of write-downs and loan losses. Chief Executive James Dimon spoke with reporters for a half [...]
         

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