JPMorgan Chase & Co (NYSE:JPM) shares fell 0.42% on Friday while over 2% on Thursday following report that its loss on a bad trade could be far more than the bank primary forecasts.
The New York Times reported by mentioning a bank’s internal report that the loss could reach $9 billion. JPMorgan’s primary forecast was $2 billion when it announced the trade in May, though Chief Executive Officer Jamie Dimon reported then that the loss could climb.
The newspaper reported the $9 billion figure shown in worst-case forecast by the financial company. The Times reported that as the bank has vended mostly volatile part of the trading position, the loss could be in the range of $6 billion to $7 billion.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Citigroup Inc (NYSE:C) surged +3.87% to settle at $27.41, Goldman Sachs Group, Inc. (NYSE:GS) moved up +2.54% to end at $95.86 while KeyCorp (NYSE:KEY) increased +2.65% to finish on Friday at $7.74.
JPMorgan Chase & Co (NYSE:JPM) on June 29, 2012 it decreased -0.42% to the closing price of $35.73. The overall volume in the last trading session was 56.06 million shares. Its fifty two week range was $27.85-$46.49. The total market capitalization remained $136.01 billion.
JPM is ahead its 52 week low with +30.06% and lagging behind from its 52 week high price with -22.64%. JPM last month stock price volatility remained 3.23%. In its share capital JPM has 3.81 billion outstanding shares among them 3.79 billion shares have been floated in market exchange. JPM stock institutional ownership remained 74.67% while insider ownership included 0.17%.
The stock price of JPM is moving forward from its 20 days moving average with +4.06% and remote negatively from 50 days moving average with -3.34%. JPM current year earnings per share experienced an addition with +13.05% while its current quarter performance remained -21.78%. Company’s beta coefficient included 1.33. Beta factors measures the amount of market risk associated with market trade.
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