JPMorgan Loss Hits $5.8 Billion

 The largest U.S. bank, JPMorgan Chase, says it lost $5.8 billion in bad trades this year, nearly triple its original estimate.

The Wall Street investment bank said two months ago it estimated that losses originating in its London trading office would total about $2 billion. But in a new earnings¹ statement Friday, the bank said it lost $4.4 billion in the April-to-June period and an additional $1.4 billion earlier this year and in the first days of this month.

The bank's chairman, Jamie Dimon, said that in recent months it had "significantly reduced" the risk in its trading operations and believes it has "put most of this problem behind us."Despite the trading loss, the bank reported a $5 billion second quarter profit. Its corporate² value, however, has dropped about 15 percent since the trading loss was first disclosed.

1 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

2 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。