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JPMorgan Slips on Report Trading Loss Widened to $9 Billion

JPMorgan Chase & Co. fell more than 6 percent in New York trading after the New York Times reported the lender’s losses from credit derivatives may eventually total as much as $9 billion, exceeding the firm’s initial estimate.

JPMorgan dropped to $35.77 as of 8:44 a.m. from the $36.78 close in New York yesterday, and reached $34.50 earlier today.