Earlier this morning, JP Morgan reported Q3 earnings of $1.02 per share, which compares to analysts' expectation for $0.92 per share.
However, no one can seem to agree on whether or not JP Morgan actually beat the analysts' estimates.
In fact, CEO Jamie Dimon was the first to say that there were "several significant items" that were unusual during the quarter. The one item everyone is raising red flags about is the $1.9 billion pretax DVA gain. DVA is short for debt valuation adjustment....
Find out more at http://www.businessinsider.com/debt-valuation-adjustment-2011-10
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