Oct 15
> JP Morgan reported better than expected earnings due to fixed income revenue jumping to a record $5B (vs. -$3.6B). Earnings are $3.59B. Once again the usual suspects hailed JPM’s “fortess-like balance sheet”. Few on The Street or in government want to talk about JPM’s humongous, $80 trillion notional value derivative book. Did any Street analyst ask Jamie Dimon during the conference call: ‘how much of earnings were derived from unrealized gains or marks on JPM’s derivative book?’ J
