Mr Cooper Group Inc fka COOP

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Thanks AZ.

Thoughts on this “unnamed” JPM legacy investment/impairment ?

which is notable because when compared to the "monstrous growth" of the bank’s deposit-gathering operation, it drops JPMorgan’s loans-to-deposits ratio to just 49%, the first time in recent quarters it’s fallen below the 50% threshold according to Bloomberg. This is a closely watched metric that measures how much lending a bank is doing when compared to its capacity to lend.

There was an interesting disclosure in the bank's Corporate division, where it noted a $719MM expense, driven by an "impairment" on an unnamed legacy investment.

https://www.zerohedge.com/markets/dimon-signals-all-clear-jpmorgan-earnings-smash-expectations-loss-provisions-plummet-94