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Most shareholders had cast their ballot way before the loss was reported. JPMorgan is not out of the woods, they have to unwind their positions to an unfriendl
by Klinky 14y ago
Most shareholders had cast their ballot way before the loss was reported.
JPMorgan is not out of the woods, they have to unwind their positions to an unfriendly market. This ordeal may also make them more risk adverse, but possibly less profitable in the short-term. Less profits, more losses, isn't going to make people very happy.
I don't think it's the end of JPMorgan, but acting like they have $3 - $5 billion in the couch cushions doesn't sound very rational either.