JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

From cnbc.com

JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant bank’s recent stress test, and that its losses under the exam should actually be higher than what the regulator found. The bank took the unusual step of issuing a press release minutes before midnight ET to disclose its response to the Fed’s findings. JPMorgan said that the Fed’s projections for a measure called “other comprehensive income” — which represents revenues, expenses and losses that are excluded from net income — “appears to be too large.” Under the Fed’s table of projected ... (full story)

Since the failed Silicon Valley Bank also passed the "stress test", I would agree with JP Morgan.

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