8:35pm: Government may also shield bank from losses from Merrill Lynch merger by backstopping up to $120 billion in assets, according to a report in the Wall Street Journal. more
9:59pm: A number of the banks' employees were on a U.S. Airways plane that crashed into New York City's icy Hudson River. All passengers are believed to be safe. more
10:59am: Analysts expected the bank to break even. But earnings fell sharply from a year ago, and CEO Jamie Dimon warns of "very difficult business climate." more