'Though the loss was quite large, it was a loss that was not systemic to their investment-securities portfolio or their capital-markets operations', said Gerard Cassidy, an analyst at RBC Capital Markets who rates the shares outperform. 'The bigger picture for the company has and continues to improve'.
Hit the link below to access the complete Bloomberg article:
JPMorgan Erases Stock Drop Fueled by London Trading Loss
Finally, Mergers and acquisitions in the U.S., proceeding at the slowest pace in three years, may pick up after the presidential election in November, JPMorgan Vice Chairman James B. 'Jimmy' Lee has said.
Bloomberg reports that Lee said at the annual Bloomberg Markets 50 Summit in New York Thursday: 'A lot of people are hoping that after the election, regardless of who wins, that a big cloud of uncertainty is going to be taken away. Next year could be the year' for a resurgence in transactions, he said.
Hit the link below to access the complete Bloomberg article:
M&A Activity May Recover After Election, JPMorgan’s Lee Says
image: © brydeb
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