Actual headline: JP Morgan: It Could’ve Been Worse “JPMorgan’s Jamie Dimon seemed relieved, but issued a cautious outlook for the year. ‘Our lower quarterly results were affected by the investment bank’s markdowns in subprime-related positions and weaker trading. In addition, our consumer home equity and subprime loan portfolios performed worse than we expected,’ he said. ‘If the economy weakens substantially from here-for which, as a company, we need to be prepared-it will negatively affect business volumes and drive credit costs higher.'” [Forbes]