It keeps getting worse for JP Morgan Chase. The big bank is currently down over 3% in early trading on news their trading loss might increase.According to the New York Times, the originally reported $2 billion trading loss has surged by at least $1 billion. JP Morgan CEO Jamie Dimon said that the $2 billion in losses announced last week could double within the next few quarters depending to day-to-day market fluctuations.The overall health of the bank is currently strong, even with the additional losses. However, shareholders are worried that JP Morgan will cut its annual dividend to make up for losses. As of right now, the bank says there is no plan to do that. However, bank analysts are saying that if losses continue to rise the bank might not have a choice.
