Interesting comments today by JP Morgan's CEO Diamon about their WAMU acquisition. "We expect some one time gains and losses related to litigation and other unresolved matters.".
I doubt that there will be any one time JP Morgan gains related to WAMU litigation. Am I wrong? If so, his statement implies that JP Morgan may expect one or more one time losses related to WAMU litigation. If so, could his statement be related to a settlement and writedown of their basis in the assumed right to the proceeds of the LTW judgement?
Is there anything else that might be related to a significant one time loss that JP Morgan might experience as a result of WAMU litigation?
The quote was taken from today's Bloomberg article with this headline: Dimon Calls Wamu Deal 'Bit Worse Than Expected,' Still Worth It
Market Data 
Markets 
AI
