JPMorgan Restates 1Q Earnings, Reducing Net Income

July 13 (Bloomberg) -- Bloomberg's Tom Keene and Christine Harper report that JPMorgan Chase & Co., the largest U.S. bank by assets, restated first-quarter results to reduce net income by $459 million after a review of the firm’s chief investment office found that employees may have hid losses. Net income was $4.92 billion, rather than the $5.38 billion previously reported, the New York-based bank said today in a regulatory filing. They speak on Bloomberg Television's "Bloomberg Surveillance."

How to Trade the Health Care Select Sector SPDR Fund
34:13 - Mark Sebastian, managing partner at Option Pit, discusses the performance of stocks and his options play for the Health Care Select Sector SPDR Fund. He speaks with Bloomberg's Abigail Doolittle on "Bloomberg Markets." (Source: Bloomberg)
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