JPMorgan gets ready for more energy losses, postpones profit goal

The move by the biggest U.S. bank by assets was more drastic than some on Wall Street had expected, signaling more financial pain to come in an energy sector struggling after oil prices that recently hit their lowest level in more than a dozen years. JPMorgan's shares were down 3.7 percent in midday trading, the third-worst performer in the S&P financials index , which was down 1.6 percent in a broadly lower stock market. Thousands of jobs have been cut in the U.S. energy sector alone and ro