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At least the stock price is in after hours.  One of those black swans just showed up.  Looks like they had some bad derivative trades that went wrong and now they might be out - oh $800 million or so.  Market Watch is calling it a $2 billion trading loss.

Update:

ZeroHedge is looking under rocks and projects a loss of:

Although it is not over yet: if credit spreads soar, assuming at $200 million DV01, and a 100 bps move, JPM could suffer a $20 billion loss when all is said and done. But hey: at least "net" is not "gross" and we know, just know, that the SEC will get involved and make sure something like this never happens again.
It will probably take some time to nail what the losses might actually be.

Did I say they might be out, well you might be out fellow taxpayers!

Zero Hedge is having fun with this:

   JPMORGAN SAYS CIO UNIT HAS SIGNIFICANT MARK-TO-MARKET LOSSES - "Fortress balance sheet" at least until Bruno Iskil gets done with it.
    JPMORGAN SAYS LOSSES ARE IN SYNTHETIC CREDIT PORTFOLIO - but, but, net is NEVER, EVER Gross.
    JPM WOULD NEED $971M ADDED COLLATERAL IF RATINGS CUT ONE-NOTCH
    JPM WOULD NEED $1.7B ADDED COLLATERAL IF RATINGS CUT 2 NOTCHES - how about three notches?
    JPMORGAN: MAY HOLD SOME SYNTHETIC CREDIT POSITIONS LONG TERM - "Level 3 CDS FTW"

http://www.zerohedge.com/...

Probably another ugly day in the markets tomorrow.

Down goes JPMorgan!

http://www.marketwatch.com/...

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