STUNNING: JP Morgan $2B Loss Headlines Friday's Events (JPM, LNKD)

Domestic markets finished the week with a relatively flat Friday, but off of early losses. The big news on Wall Street was JP Morgan's (JPM) stunning $2 billion loss, raising eyebrows for the banking industry and economic outlook in general. Banking stocks suffered accordingly. In other news, Facebook co-founder has decided to renounce his US citizenship to dodge taxes related to the upcoming IPO, expected next week.

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Published on May 11, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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