Surprising JPMorgan loss hits stock market late

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred “significant mark-to-market losses” that it said could “easily get worse.” JPMorgan’s stock fell nearly 7 percent to $ 38.05 in after-hours trading and dragged down shares across the entire banking sector. Its executives called an extraordinary conference call with analysts at 5 p.m. EDT where Chief Executive Jamie Dimon said “egregious” mistakes had been made. …



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