JPMorgan (NYSE:JPM) demonstrates the high cost of litigation and poor governance. Not all of this is Jamie Dimon’s fault. They inherited lots of problems when they bought at 2008 distress prices. Little did they know at the time.
Short ratio is 2.98%
Clearly a systemically important firm, that seems very good at hitting every major pothole in the road. JP Morgan remains on the regulatory radar. Every regulatory gun out to make a name for him/herself keeps a file on these guys.
Jamie Dimon needs to come up with a karmic cleansing action to shed some perception baggage.
George Gutowski writes from a caveat emptor perspective.