Saturday, 2 November 2013

JPM's Dimon will be just fine


JPMorgan (JPM)'s potential $13 billion fine-a record amount-and a newly cool relationship with Washington won't end Jamie Dimon's run as chairman and chief executive.
That's how most analysts are responding to the news that the nation's largest bank is likely to settle with the government over problematic mortgage-backed securities issued before the financial crisis.
"We expect him to remain CEO. I think both board members and shareholders realize that Jamie Dimon is one of the, if not the, best bank managers out there," said Jeff Harte, an analyst with Sandler O'Neill & Partners. JPM.

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