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by CareyBot

JPMorgan Chase & Co. today reported a net loss of $548 million, or $0.27 per share, for the second quarter of 2004. That's compared to a net income of $1.83 billion, or $0.89 per share, for the second quarter of 2003. Bank One Corp. announced 2004 second-quarter net income of $1.1 billion, or $0.99 per share, compared to $856 million, or $0.75 per share, for the second quarter of 2003. JPMorgan Chase and Bank One merged July 1, so the second-quarter earnings for each company are reported separately. Second-quarter earnings for JPMorgan Chase were reduced by a $2.3 billion after tax charge to increase litigation reserves and $60 million, after tax, of merger costs. Excluding these charges, earnings would have been $1.81 billion, or $0.85 per share. "Our earnings this quarter, excluding...