A multibillion dollar trading loss at JP Morgan was reminded of a nightmare occurred when Lehman Brothers was collapsed in 2008. Trading bets went wrong and open position at trading house of JP Morgan predicting a loss of more than $9 billion dollars. It has put the image of JP Morgan as a one of the safe trading and investment bank of United States in question. Now the controversial report that shows that JP Morgan is No 1 stock picker as Investors rate brokers according to a bloomberg report.
That means that $9 billion trading was just a misfortune of J P Morgan and the latest report might shred the earlier tarnished image of J P Morgan