JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed
CNBC • 600 days
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Information
JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income fo...
Original sourceAI Summary
- JPMorgan Chase claims that Federal Reserve overstated a key income measure in stress test. - The Fed's projections for "other comprehensive income" were reportedly too large for JPMorgan. - Bank disclosed error could lead to higher stress losses and delay in share repurchase plan. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Economic
Market-Moving
- JPMorgan Chase claims that Federal Reserve overstated a key income measure in stress test.
- The Fed's projections for "other comprehensive income" were reportedly too large for JPMorgan.
- Bank disclosed error could lead to higher stress losses and delay in share repurchase plan.
Key Facts
- JPMorgan Chase claims that Federal Reserve overstated a key income measure in stress test.
- The Fed's projections for "other comprehensive income" were reportedly too large for JPMorgan.
- Bank disclosed error could lead to higher stress losses and delay in share repurchase plan.