“Well written and an interesting perspective.” Clan Rossi --- “Your article is too good about Japanese business pushing nuclear power.” Consulting Group --- “Thank you for the article. It was quite useful for me to wrap up things quickly and effectively.” Taylor Johnson, Credit Union Lobby Management --- “Great information! I love your blog! You always post interesting things!” Jonathan N.

Monday, April 15, 2013

JPMorgan’s Management: Overly-Defensive From Weakness?

According to the Wall Street Journal, at JPMorgan, the largest U.S. bank by assets, revenue in the first quarter of 2013 fell 4% from the same period a year earlier. The mortgage squeeze affected the firms' overall results. Net-interest income, which reflects the amount a bank makes from its loans, dipped 6%, to $10.9 billion, from a year earlier. Even so, J.P. Morgan's net income rose 33%, to $6.53 billion, or $1.59 a share, as a jump in investment-banking income and a cut in expenses helped cushion the mortgage pullback.

The full essay is at "JPMorgan: An Unethical Monstrosity?"