> They claim a net windfall of $2.6B, with projected $2B in future costs associated with the takeover. So in some sense it cost them negative $2.6B; in some oth

> They claim a net windfall of $2.6B, with projected $2B in future costs associated with the takeover. So in some sense it cost them negative $2.6B; in some other sense (if those cost projections are accurate), negative $600M. Additionally their own slides on the transaction highlight an "IRR > 20%." Who knows how they calculated that. Either way, JPM is definitely not losing money on this.