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$2 billion in loss and now they're mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since the losses were revealed, slicin...

$2 billion in loss and now they're mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since the losses were revealed, slicin...

erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since the losses were revealed, slicing roughly $30 billion in market value. but an...

bad bets that cost j.p. morgan $2 billion in loss and now they're mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since t...

they're mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since the losses were revealed, slicing roughly $30 billion in ma...