Oct
15
Media Confusion
“J.P. Morgan Chase & Co. reported an 84% drop in third-quarter net income amid $3.6 billion in write-downs and $640 million in losses from last month’s acquisition of Washington Mutual, as the banking giant saw continued deterioration in its home-lending portfolio.” - WSJ
“JPMorgan Chase continued to weather the financial storm better than most rivals in the third quarter of the year, recording a small profit that beat analysts’ expectations.” - Financial Times
Um, so JPM had a great quarter or a terrible one?????
