JPMorgan Analyst Hypocrisy Will Jamie Dimon’s Condom Finally Rupture $JPM $C $WFC $GS $XLF $BAC

What’s this about Jamie Dimon’s condom rupturing? So far JPMorgan (NYSE:JPM)has had an enchanted life. Huge regulatory fines that would have crucified most CEO’s and Boards have not been hurtful to the current management structure.

The embarrassing losses of the London Whale and huge costs of new risk management programs are still being digested. Yet the stock has stayed spectacularly strong. Today in a strong rebound market it is up on pre-earnings speculation.

Yet many analysts are anticipating a significant drop in earnings. We all know about the jumbo fines which will be one time events. Look carefully and the mortgage market looks weak. JPMorgan results are weak and expected to stay weak.

This bodes poorly for JPMorgan, other banks and the economy.

If you believe in the law of unintended consequences; has Jamie Dimon’s condom ruptured.

Please discuss among yourselves.

George Gutowski writes from a caveat emptor perspective. Follow him on Twitter @financialskepti

JPMorgan and Jamie Dimon Reach Guinness World Record. Must be Last Chance Gulch. $JPM $XLF Read..

JPMorgan (NYSE:JPM) is coughing up some $920 million in fines for the London Whale debacle. The SEC continues to push on high and exorbitant CEO salaries. At what point will the regulators of financial behaviour decide that the CEO with record-breaking fines should be subject to a suitability review.

Jamie Dimon and JPMorgan will hold an everlasting card in the Financial Trivia Question. “Who had to pay the biggest fine for financial screw-ups in all of history.”

Checking with Guinness World Book of Records to see if a new plateau has been reached.

You think this is the last one? Because no one has the stomach for more governance problems from JPMorgan. I don’t care if they spend $200 million or more on risk and compliance models. It’s all about the leadership.

Can you imagine the memoirs if he writes them? Guaranteed best seller but the editing will be a bitch.

George Gutowski writes from a caveat emptor perspective. Follow him on Twitter @financialskepti


Jamie Dimon Imitates James Cagney $JPM $XLF “Why You Dirty Rat”

Jamie Dimon Chair and CEO of JP Morgan (NYSE:JPM) is beginning to resemble James Cagney in some of his film roles as an unyielding, unrepentent, tough guy who was not going to take anything from any body. You see? BTW I think Cagney robbed some banks as well.

Just to summarize some of the points which have not influenced Jamie Dimon

  1. London Whale debacle destroying shareholder wealth
  2. Publicly arguing with Governors of Central Banks
  3. Falling out of the running to be Secretary of Treasury under President Obama
  4. Trying to get cozy with the GOP to get the same possible job back
  5. Two major proxy solicitation services recommending Chair and CEO position be split.
  6. Public recommendations that certain independent board members not be re-elected.
  7. Independent board members meeting with third parties about some or all of the above.
  8. Federal Regulators saying they do not trust JP Morgan.
  9. Major institutional shareholders feeling very uneasy about it all. Thats not a vote of confidence.
  10. Warren Buffett making public statements of support indicate Jamie Dimon does not have the support you would think he should have as the Chairman/CEO

Regardless of where you stand on this issue; because it has become an issue of the tar baby variety it will not go away in a satisfactory fashion. It is a huge distraction.

If there is a final shoot out of the James Cagney fashion shareholder wealth will be destroyed. Who then will be the “Dirty Rat”

George Gutowski writes from a caveat emptor persepctive.