Derivatives Regulation Could Cost J.P. Morgan $800M A Year: Study

Crain's New York Business:

The research firm estimated that J.P. Morgan Chase & Co. could see annual revenues from its industry-leading derivatives business reduced by $3 billion, or 50%, if the most stringent reforms are adopted. That would take a nearly $800 million bite out of the bank's profits, or approximately 10% of its forecasted 2009 results.

Read the whole story: Crain's New York Business

Comments

[unionave]

01:11 AM on 12/05/2009

All that is needed to do is out law selling short in the markets and all of our problems will go away . When those mortgage backed securities which included the prime rate mortgages gained momentum in sales the BIG BANKS began to short sell them and drove the prices down . If short sellin was illegal this fiasco could not have happened . Think about this : You buy a company stock and the BIG BANKS decide to short that stock . The value of your investment crashes . Now you are broke but the BIG BANKs made a load of cash off your demise . This happens to millions of senior citizens who put their money in IRA's , mutual funds , 401K's , and individual stock purchases . Short selling removes the abilitiy of company stock to perform on it's own merit and is very unfair to the common investor . Too many retirement funds are in jeopardy because of the Wall Street greed .

[invest in jobs]

06:01 PM on 12/04/2009

I was hoping for FDR 2.0, but instead its become waffling 2.0, deficit 2.0, banking 2.0, Afghanistan 2.0. Iraq 2.0, Guantanamo 2.0

hat tip to: http://financeopinionss.blogspot.com
so much for job creation. Unemployment falls a whole .2% and the MSM is calling it a recovery. what a joke

[jumperpin]

02:29 PM on 12/04/2009

Isn't there someplace we can just send our spare pennies and nikels to help 'em out?

[McMurdo]

01:56 PM on 12/04/2009

It's just a shame how being forced to behave in socially responsible ways can have such a negative effect on a company's earnings. Truly tragic. I feel a crocodile tear coming on.

[Itsmyland2]

01:52 PM on 12/04/2009

800MM is a pitance to this company

[Stockbroker38]

01:11 PM on 12/04/2009

My boyz at JP are already broke -- they've got $81 trillion with a T in toxic derivatives they're holding (off their balance sheet thanks to new federal rules designed to hide losses).

Check out the latest comptroller of the currency's report for proof.

JP in tha Ha-ouse!

[Aldyth]

02:10 PM on 12/04/2009

Too big to fail?

Let them drown in it.

[andycan]

12:06 PM on 12/04/2009

Wow, would I ever love them to pay...pay ... and pay again.