JP Morgan Cutting 5,000 - 8,000 Jobs and Profit Projections

Just read that JP Morgan is lowering headcount and dropping profit projections slightly. Anyone know more specifically in what group/s the cuts at JP Morgan will be made?

Thanks,
Patrick

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3 Comments

sling shot

HF

12y

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Major cuts in consumer banking, community banking, mortgage banking, and auto / card services. Partially offset by expanding Asset Management and commercial banking.

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Authored by: Certified Hedge Fund Professional - 3rd+ Year AssociateCertified Hedge Fund Pro

Screwed_IBD

IB

12y

I just read on WSJ that they are planning on 6000 cuts in mortgage operations. WSO won't allow me to paste the link, but if Google JP Morgan, it's the first link.

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Rach3

AM

12y

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Authored by: Certified Asset Management Professional - 1st Year AnalystCertified Asset Management Pro

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JP Morgan Cutting 5,000 - 8,000 Jobs and Profit Projections

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JP Morgan Cutting 5,000 - 8,000 Jobs and Profit Projections

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