By PALLAVI GOGOI, AP Business Writer
NEW YORK (AP) - JPMorgan Chase says its surprise trading loss grew to $4.4 billion. The bank's original estimate was $2 billion.
The bank made the announcement Friday as it reported its quarterly earnings.
CEO Jamie Dimon says the bank has "significantly reduced" the risk involved in the trade.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)