• 29 Jun 2012 at 3:26 PM

Analysts Attempt To Call The JPMorgan (Second Quarter) Close

By

Despite Jamie Dimon’s promise that JPMorgan will be “solidly profitable” for the quarter, some are skeptical given the growing estimates of Whale-boy’s losses. According Mike Mayo, the bank “will only make $727 million…including $4 billion of losses in the unit that made the bungled bet [though] if the losses exceed $5 billion, JPMorgan could make an overall loss.” Barclays’ Jason Goldberg thinks things are gonna be okay here, and sees the bank making $3.3 billion, assuming you know who will have only lost it $3 billion when all is said and done. And yourselves?

Start considering your predictions now, as come July 13, there will be a visit from the Sandwich Fairy and a coveted bath toy for whoever comes closest without going over.

Will The Whale Swallow JPMorgan’s Second-Quarter Earnings [Dealbook]

Comments (19)

  1. 1
    Posted by Moby Dick | June 29, 2012 at 3:33 PM

    31.47

  2. 2
    Posted by Jamie D | June 29, 2012 at 3:36 PM

    Our recently investment in Bonobos LLP will ensure our profitability for the foreseeable future.

    -J Dimon

  3. 3
    Posted by LochnessMonsterQuant | June 29, 2012 at 3:38 PM

    bout tree fiddy

  4. 4
    Posted by UBS Math Quant | June 29, 2012 at 3:38 PM

    10π

  5. 5
    Posted by NakedShort | June 29, 2012 at 3:42 PM

    you can get a good look at a banks books by shoving a coveted bath toy up your ass

  6. 6
    Posted by T. Callahan, CFA | June 29, 2012 at 3:43 PM

    But I'd rather take Matt's words and charts for it.

  7. 7
    Posted by InfiniteGuest | June 29, 2012 at 3:45 PM

    Wait, it's gotta be your bath toy.

  8. 8
    Posted by Guest | June 29, 2012 at 3:45 PM

    GAAP net income is all that matters, right?

    -Confused sophomore finance major

  9. 9
    Posted by Guest | June 29, 2012 at 3:59 PM

    Whatever Dick Bove is predicting.

  10. 10
    Posted by Gartman | June 29, 2012 at 4:13 PM

    I know he'll be wrong.

    Hint – the giraffe knows the answer.

  11. 11
    Posted by Grinders | June 29, 2012 at 4:27 PM

    so unloved

    -*

  12. 12
    Posted by CFA Grader | June 29, 2012 at 5:15 PM

    Ummm…..
    4,727,000,000 – 4,000,000,000 = 727,000,000
    4,727,000,000 – 5,000,000,000 = (273,000,000)
    5 > 4.727
    4.727 < 5
    4.727 – 5 is a negative number. I would have to add the $ signs to be sure but it appears that there is a chance of a loss if the trade loss goes to $5B.

  13. 13
    Posted by Matt's Left Nut | June 29, 2012 at 6:06 PM

    I'd rather get jacked off with a wire brush than have that ever-growing whale up my keester.

  14. 14
    Posted by UBS MD | June 29, 2012 at 6:25 PM

    $500mm.

    -Only Guy Who Is Taking This Question Seriously Because He Is In Serious Need Of A Sandwich.

  15. 15
    Posted by guest | June 29, 2012 at 9:57 PM

    What is this in response to?

  16. 16
    Posted by UFO | June 30, 2012 at 12:01 PM

    They don't appreciate you, come work for us

    - GS "weeza be on the hunt" talent scout

  17. 17
    Posted by FromRussiaWithLove | June 30, 2012 at 12:03 PM

    Well go make one, and mow the lawn

    - his wife

  18. 18
    Posted by Guest | July 1, 2012 at 4:03 AM

    Rounding? Other than that, no concerns.

    – UBS EPS Quant

  19. 19
    Posted by Ping | July 2, 2012 at 10:23 AM

    I like your style
    - Ping.