JPMOR CHASE (JPM) officer Jamie Dimon gave Mea Culpa and discusses 30 losing her auto Outo bank. “It’s not our good time” and “when you see a lot.”
Dimon and CFO discuss the impact of the trolelor on journalists and analysts while exposing a $ 170 bills caused by its borrower.
“When something like this, you can think that we are cured of all the issue, everywhere,” says Dimon, says “Dimon telling reporters, when he admits” was not our best moment. “
“You will never avoid these things completely, but the discipline is to look at the cold light and pass through everything, which we have done, and maybe there can be a lot,” can also be done.
“My antenna goes up when things like things happened,” Dimon was applied when she talked to analysts later on Tuesday morning.
“I shouldn’t say this, but if you see one cock, it is more likely to be more,” dimon is added.
Tricolor was filed by finishing early September. The fall of Dallas-based subpricke auto Lender is linked to auto loan charges, which affects a lot of banks.
The JPMORGAN Chase Cfo Jeremy Baremy Barmy Barthum produces $ 170 million in telephone callers and commentators.
“There is no question to find out the lenders of other borrowers, especially unemployment values, but have been given the amount of attention … may not be a mortality all around,” said Barnum.
And the JPMORGAN, third parties (FITB) and Barclays Plc (BCS) they appear as lenders in court criteria, evidently in court.
Fifth for the third time it disclosed its exposure to trololor in September, it means that it is expected to take 170 million to $ 200
TRelolor losses are not limited to drain down the JPMORGan effects, as many other banks, board surgery in the second half of the summer. The large country bank reported 12% of the third quarter, about $ 1 billion more than expected analysts.
But trendor’s collapse and a great shower of auto components are the first products taken on the road wall, and investors are looking for signs that debtors between commercial customers are weak.
JPMORGANGING’s Net Charicks increased by 8% from second quarter to $ 2.6 billion, conducted by the higher text within its major trading class and investment.
