Analysis: JPMorgan's lukewarm results put Dimon un
Post# of 28526
Posted On: 04/13/2013 8:10:45 AM
Analysis: JPMorgan's lukewarm results put Dimon under more pressure
By David Henry and Dan Wilchins NEW YORK (Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure. The top U.S. bank by assets reported tepid first-quarter results on Friday. Income in its biggest businesses - investment banking and consumer lending - fell, excluding accounting adjustments. Outstanding loans grew by just 1 percent, and profit margins on lending narrowed. Stock and bond trading revenue fell. ...
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