logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Will The Government Try to Split Up JPMorgan?

  +Follow August 21, 2013 11:27AM
Share:
Tickers Mentioned:

It’s no secret JPMorgan Chase & Co. (JPM) is under intense scrutiny right now from federal regulators. During the course of this summer alone, the bank has settled for $410 million for energy price fixing, had two former traders indicted by the Department of Justice for their part in a $6.2 billion trading loss, and been implicated in a far-reaching bribery scandal involving Chinese financial regulatory officials.  

For a financial house that did $26 billion in revenue in the second quarter of 2013 alone, the fines, settlements, and government sanctions are a cost of doing business. But the SEC seems to be moving in an especially aggressive manner against JPMorgan, leading some analysts to begin speculating that they may be targeting the bank for a potential breakup.

Popular analyst and Vice President of equity research at Rafferty Capital Markets Dick Bove suggests the “(United States government) wants the firm broken up and the management changed. Every action that it has taken in the past few years is oriented towards this goal.”

Liz Peek of the Fiscal Times suggests that the bank – lauded during the 2009 fiscal crisis for their restraint – has been specifically targeted by the Obama administration for its reckless behavior and arrogance, citing critical remarks CEO Jamie Dimon made back in 2012. Dimon specifically claimed American business was responsible for creating the 4 million new jobs in America and “government didn’t have anything to do with it.”

Regardless of motive, the government has certainly zeroed in on JPMorgan. The SEC took the unusual step of requesting that JPMorgan admit to wrongdoing in their role in hiding the $6.2 billion trading loss from investors. Usually, the bank would have been allowed to settle without admitting or denying culpability.

Such a statement from JPMorgan could open them up to fraud allegations from shareholders affected by the trading loss. The results could significantly impact JPMorgan’s chances of remaining one entity.

In January US labor unions tried to organize a shareholder vote to break up the company, which JPMorgan was able to block. With increasing governmental pressure, a breakup push could come again very soon. Except this time it will be, as Bove put it, “coordinated from above.”

JPMorgan is down 1 percent to hit $51.61 on the day. The stock is down 7.85 percent on the month.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Signup for our daily newsletter and get our best articles emailed right to you!

Results for jpm
lookn4wins
3 Aug 15 00:48:04
TATACOMM.IN Tata Communications Ltd. Bid Size http://t.co/xHA58s3Gau $TATACOMM.IN $XLK $JPM $GILD #TATACOMM.IN #invest #stock
Stock Forums
3 Aug 15 00:47:09
SPXL Direxion Daily S&P 500 Bull 3X Shares Current Price http://t.co/PARMpHRjcM $SPXL $DIS $HCLTECH.IN $JPM #SPXL #stockmarket #invest
binaryoptionsocial
3 Aug 15 00:46:03
PNB.IN Punjab National Bank Chart http://t.co/Zdjis6w5ty $PNB.IN $IDRA $FB $JPM #PNB.IN #share #nasdaq http://t.co/Csk7miIhta
IH News Desk
3 Aug 15 00:45:08
PANW Palo Alto Networks Inc. Company Info http://t.co/O0ctBgBpSy $PANW $JPM $IGL.IN $UNIONBANK.IN #PANW #tradeideas #investing
danrocks
3 Aug 15 00:44:37
PNB.IN Punjab National Bank Chart http://t.co/91G6BGEjAD $PNB.IN $IDRA $FB $JPM #PNB.IN #share #nasdaq
IH News Desk
3 Aug 15 00:42:41
MINDTREE.IN MindTree Ltd. Tick http://t.co/hivCbhDiDl $MINDTREE.IN $MINDTREE.IN $JPM $DISHTV.IN #MINDTREE.IN #finance #invest
DennyT
3 Aug 15 00:41:37
JPM J.P. Morgan Chase & Co. Financials http://t.co/SkHWQoLp4x $JPM $ANET $TVSMOTOR.IN $JNK #JPM #nasdaq #nasdaq
DennyT
3 Aug 15 00:41:21
JPM J.P. Morgan Chase & Co. Filings http://t.co/C8dxdasxuC $JPM $TITAN.IN $TATAMTRDVR.IN $PETRONET.IN #JPM #stock #share
Stock Forums
3 Aug 15 00:41:21
JPM J.P. Morgan Chase & Co. Open http://t.co/qBN8WiPTli $JPM $BATAINDIA.IN $RELIANCE.IN $ADMD #JPM #stock #investing
DennyT
3 Aug 15 00:41:21
JNK SPDR Barclays High Yield Bond ETF E.P.S. http://t.co/9y2lRZG5Vd $JNK $JPM $MU $SWKS #JNK #stock #stocks
Stock Forums
3 Aug 15 00:41:20
JNK SPDR Barclays High Yield Bond ETF Current Price http://t.co/YjtRTPiQmQ $JNK $JPM $PTC.IN $COALINDIA.IN #JNK #finance #stock
PolgarStocks
3 Aug 15 00:39:33
HINDPETRO.IN Hindustan Petroleum Corp. Ltd. Financials http://t.co/Tpq3NLTCXV $HINDPETRO.IN $IRB.IN $JPM $RGLD #HINDPETRO.IN #share…
nicholas
3 Aug 15 00:36:57
PolgarStocks: DIA SPDR DJ Industrial Average ETF Trust Investor Opinions http://t.co/uzzBTdxKhK $DIA $RGLD $JPM… http://t.co/Z2kvWG3C1I
DennyT
3 Aug 15 00:36:36
CTLE Nano Labs, Corp. Change http://t.co/TlHh9SY8KC $CTLE $CAIRN.IN $TMMI $JPM #CTLE #nasdaq #finance
jim50
3 Aug 15 00:36:27
DISHTV.IN Dish TV India Ltd. Ideas http://t.co/CKvxrMttHE $DISHTV.IN $HINDALCO.IN $SBIN.IN $JPM #DISHTV.IN #pennystocks #finance
Rosner Stocks
3 Aug 15 00:36:08
EA Electronic Arts, Inc. Ask http://t.co/yzOso66vJB $EA $BANKBARODA.IN $JPM $IDRA #EA #stocks #pennystocks
PolgarStocks
3 Aug 15 00:35:35
DIA SPDR DJ Industrial Average ETF Trust Investor Opinions http://t.co/bxSncorE6I $DIA $RGLD $JPM $OIH #DIA #stock #finance
binaryoptionsocial
3 Aug 15 00:35:28
AMTEKAUTO.IN Amtek Auto Ltd. Tick http://t.co/vf2mvIrm9g $AMTEKAUTO.IN $JPM $JINDALSTEL.IN $SLTD #AMTEKAUTO.IN … http://t.co/Csk7miIhta
danrocks
3 Aug 15 00:32:46
AMTEKAUTO.IN Amtek Auto Ltd. Tick http://t.co/h8Zxz5KBrk $AMTEKAUTO.IN $JPM $JINDALSTEL.IN $SLTD #AMTEKAUTO.IN #nasdaq #pennystocks
PolgarStocks
3 Aug 15 00:32:16
AMZN http://t.co/upU478tY6o, Inc. P/E Ratio http://t.co/wyFsQciitT $AMZN $JINDALSTEL.IN $VXX $JPM #AMZN #stockmarket #pennystocks
Stock Forums
3 Aug 15 00:32:05
ALBK.IN Allahabad Bank E.P.S. http://t.co/xKhqDnNp09 $ALBK.IN $GOOG $XLU $JPM #ALBK.IN #stock #invest
ProVesting
3 Aug 15 00:27:01
$MS $GS $JPM $C: China Thwarts Morgan Stanley, UBS as It Opens Yuan Bond Market: http://t.co/7YuXpHIhLq
Dow Stocks
3 Aug 15 00:17:01
#Dow #stocks $JPM JPMorgan Chase Daily:-0.74% Weekly:-0.55% YTD:10.21% Trend:59 / 100 http://t.co/EovIb6YJsz
Stock Wire
2 Aug 15 23:00:42
JPMorgan Chase & Co. Reaffirms Overweight Rating for Compania de Minas ... $JPM http://t.co/5lzVuPbirm
clayton
2 Aug 15 22:44:13
RUSL Direxion Daily Russia Bull 3x Shares News http://t.co/QVYPGaRAgL $RUSL $XLY $JPM $UCOBANK.IN #RUSL #nasdaq #pennystocks
Zeravla Henry
2 Aug 15 22:42:40
$JPM … http://t.co/cPXCpt2T92
Investors Hangout
2 Aug 15 22:41:10
NKE Nike Inc. 52Wk High http://t.co/QHDUYvFF0f $NKE $TVSMOTOR.IN $JPM $TCS.IN #NKE #finance #pennystocks
leahanne
2 Aug 15 22:39:03
JPM J.P. Morgan Chase & Co. Quotes http://t.co/KZco07Clgd $JPM $AMTEKAUTO.IN $VLO $TCS.IN #JPM #stockmarket #finance
Emylers
2 Aug 15 22:38:41
IOC.IN Indian Oil Corp. Ltd. Quotes http://t.co/L1x4UDifcW $IOC.IN $SGYP $JUSTDIAL.IN $JPM #IOC.IN #pennystocks #invest
Investors Hangout
2 Aug 15 22:34:05
CROMPGREAV.IN Crompton Greaves Ltd. Short Sales http://t.co/gbnTK4F1D0 $CROMPGREAV.IN $JPM $XLE $PNC/WT #CROMPGREAV.IN #investing…
clayton
2 Aug 15 22:32:33
BHARATFORG.IN Bharat Forge Ltd. Bid Size http://t.co/dsaXsmyEO8 $BHARATFORG.IN $JPM $IGL.IN $TCS.IN #BHARATFORG.IN #pennystocks…
Stock Wire
2 Aug 15 22:30:38
Man Group Plc Rating Reiterated by JPMorgan Chase & Co. (EMG) $JPM http://t.co/EDG1Q3GQAp
DennyT
2 Aug 15 21:52:33
YINN Direxion Daily China Bull 3x Shares Last Trade http://t.co/z5GLaDKgFa $YINN $JPM $MYEC $XLE #YINN #investing #share
Rosner Stocks
2 Aug 15 21:45:57
SIEMENS.IN Siemens Ltd. Last Price http://t.co/bDsPFGRGMO $SIEMENS.IN $MYEC $JPM $ABIRLANUVO.IN #SIEMENS.IN #stocks #stockmarket
DennyT
2 Aug 15 21:42:35
MYEC MyECheck, Inc. % Change http://t.co/WnScwv29Tr $MYEC $JPM $QLD $RSX #MYEC #invest #nasdaq
Jake13
2 Aug 15 21:41:23
JPM J.P. Morgan Chase & Co. P/E Ratio http://t.co/Jcym6KQWCY $JPM $LVGI $KITE $HD #JPM #stocks #tradeideas
Investors Hangout
2 Aug 15 21:40:13
JPM J.P. Morgan Chase & Co. News http://t.co/OP4TaTttOe $JPM $FV $ARDX $CRH #JPM #pennystocks #stock
Lucky Jimmy
2 Aug 15 21:32:16
AMTEKAUTO.IN Amtek Auto Ltd. Market Cap http://t.co/X1sF8ZCh3c $AMTEKAUTO.IN $IOC.IN $JPM $JPPOWER.IN #AMTEKAUTO.IN #pennystocks…
Investors Hangout
2 Aug 15 21:32:10
ANDHRABANK.IN Andhra Bank Last Price http://t.co/yJUXP35YK8 $ANDHRABANK.IN $AMBA $JPM $FV #ANDHRABANK.IN #invest #finance
clayton
2 Aug 15 21:31:05
AA Alcoa, Inc. Financials http://t.co/Wl4ekDrh3K $AA $MOTHERSUMI.IN $JPM $BMRN #AA #finance #share
Investors Hangout
2 Aug 15 21:31:05
ABIRLANUVO.IN Aditya Birla Nuvo Ltd. E.P.S. http://t.co/faptoaE3cB $ABIRLANUVO.IN $FVD $JSWSTEEL.IN $JPM #ABIRLANUVO.IN #invest #nasdaq
jim50
2 Aug 15 20:48:33
VXX Verizon Communications Stock Forum http://t.co/TKXGKulOMG $VXX $OGEN $JPM $CSCO #VXX #stocks #stock
Investors Hangout
2 Aug 15 20:47:04
TSLA VelocityShares Daily 2x VIX Short Term ETN Ex-Div Date http://t.co/gYoSY1FT7M $TSLA $JPM $OFSS.IN $AMBA #TSLA #stocks #stock
PamphletShop
2 Aug 15 20:46:05
$TWTR Twitter Inc http://t.co/UKZ3MRGmpH #Greferendum $JPM $CSX $YUM $BAC $DAL $NFLX $INTC $EBAY $GS $C $DPZ $GOOG $MA $SLB $GE $GOOGL $M
Emylers
2 Aug 15 20:44:13
PMCB PharmaCyte Biotech, Inc. Dividend http://t.co/fWAq6nqbvO $PMCB $BPCL.IN $EWM $JPM #PMCB #stockmarket #investing
nicholas
2 Aug 15 20:42:25
Jake132013: HEXAWARE.IN Hexaware Technologies Ltd. Ask Size http://t.co/psjSZsgVAl $HEXAWARE.IN $USO $JPM $DIA … http://t.co/Z2kvWG3C1I
jim50
2 Aug 15 20:41:15
JPM J.P. Morgan Chase & Co. Bid Size http://t.co/MY19VXPoab $JPM $NFLX $PAGEIND.IN $EEM #JPM #share #pennystocks
Jake13
2 Aug 15 20:39:05
HEXAWARE.IN Hexaware Technologies Ltd. Ask Size http://t.co/CQdY8BJ3NW $HEXAWARE.IN $USO $JPM $DIA #HEXAWARE.IN #tradeideas #finance
CSIMarket.com
2 Aug 15 20:19:56
J.p. Morgan Chase and Co $JPM #stock pays out the dividend: On August 03 J.p. Morgan Chase and Co pays out a q... http://t.co/flEuJcFbFt
Rosner Stocks
2 Aug 15 19:47:15
TWTR United States Natural Gas Fund Prev Close http://t.co/J2rW0mb6MF $TWTR $JPM $ECIG $CYBR #TWTR #tradeideas #investing
				
				
  +Follow August 21, 2013 11:27AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Beyond Twitter: 5 Small-Cap Tech Plays Nobody’s Talking About


Will the Fed Continue Its Track Record of Unprecedented Moves?

Facebook versus Google: Who Rules the Internet?

Are These the Worst Business Documentaries on Netflix?


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN