JPMorgan Posts $4.4 BN Trading Loss, to Restate Q1 Earnings

11:30 AM ET Fri, 13 July 2012

"The bar was set very low for JPMorgan going into the quarter with all the fears and media speculating in terms of what the loss was going to be, and they came out today with a headline number far exceeding the very low expectations," Todd Hagerman, financial services analyst & managing director at Sterne Agee, told CNBC.