Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on July 13, 2012, to disclose information presented during their 2012 second quarter earnings investor presentation. The filing includes presentation slides that cover the firm's financial results for the quarter and, importantly, address the preliminary findings of an internal review into significant losses incurred by its Chief Investment Office (CIO) during the first and second quarters of 2012. Investors should note that this 8-K is primarily for disclosure purposes under Regulation FD, meaning the information is not formally "filed" for purposes of Section 18 of the Securities Exchange Act. The focus for investors is on understanding the magnitude and implications of the CIO losses, as detailed in the separate presentation materials (Exhibit 99.3), alongside the broader quarterly financial performance. The firm has provided specific presentation slides detailing these events.
Key Highlights
- 1JPM hosted an investor presentation on July 13, 2012, to discuss its 2012 second quarter earnings.
- 2The presentation included a discussion of preliminary findings from an internal review of losses in the Chief Investment Office (CIO).
- 3These CIO losses occurred during the first and second quarters of 2012.
- 4The filing consists of furnished exhibits (99.1, 99.2, and 99.3) containing presentation slides.
- 5Exhibit 99.3 specifically details the update from the CIO Task Force regarding the losses.
- 6Information furnished under Item 7.01 is not considered "filed" for purposes of Section 18 of the Securities Exchange Act.
- 7The filing does not incorporate the information by reference into other SEC filings.