|
|
|
|
|
|
by dxhdr
1139 days ago
|
|
|
> They claim a net windfall of $2.6B, with projected $2B in future costs associated with the takeover. So in some sense it cost them negative $2.6B; in some other sense (if those cost projections are accurate), negative $600M. Additionally their own slides on the transaction highlight an "IRR > 20%." Who knows how they calculated that. Either way, JPM is definitely not losing money on this. |
|
|
Well, the FDIC anticipate a total cost of $13B, right? Which will be paid by assessment on member banks, including JPMorgan.