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JPMorgan CEO: Bank sees more mortgage losses

Published: December 8, 2009 4:56 PM
By The Associated Press  IEVA M. AUGSTUMS (AP Business Writer)

Quick ReadJPMorgan CEO Dimon says expect additional losses on credit cards and home loans in 2010

CHARLOTTE, N.C. (AP) — JPMorgan Chase & Co.'s CEO said Tuesday that the bank sees additional losses on home loans next year even as the economy shows slight improvements.

Jamie Dimon told investors at the Goldman Sachs U.S. Financial Services conference in New York that his bank is seeing initial signs of stability in consumer delinquency trends, but he also warned that it is not certain if...

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