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Earnings Preview: JPMorgan to Report Financial Results Pre-market on January 15
JPMorgan stated that the wildfires in Los Angeles caused insurance losses exceeding 20 billion dollars, doubling overnight.
According to estimates from JPMorgan Analysts, the potential costs that insurance companies will incur due to the damage caused by the Los Angeles wildfires will exceed 20 billion dollars, doubling the estimate from a day ago. Analysts led by Jimmy Bhullar at JPMorgan warned in a report to clients on Thursday that if the wildfires are not brought under control and the damage continues to spread, the total insurance losses could rise further. Just a day earlier, they had stated that they expected the insurance losses from the wildfires to approach 10 billion dollars. This estimate suggests that this week's fires could result in greater losses than those caused by the 2018 Butte County camp wildfire.
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103171531 : so this stock buy?