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PrintOct 15, 2008
Press Release
New York, October 15, 2008 – JPMorgan Chase & Co. (NYSE: JPM) today reported third-quarter 2008 net income of $527 million, compared with net income of $3.4 billion in the third quarter of 2007. Earnings per share were $0.11, compared with $0.97 in the third quarter of 2007. Current-quarter results include a charge of $1.2 billion (after-tax) to conform loan loss reserves and an extraordinary gain of $581 million (after-tax), related to the acquisition of Washington Mutual's banking operations, which closed on September 25, 2008.
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